Contributor: Michel Demaré
Michel Demaré, Executive Vice-President and CFO, ABB
Michel Demaré has been executive vice-president and chief financial officer of ABB since 2005 and served as interim CEO, in addition to his current duties, from February to September 2008. Michel came to ABB after working with The Dow Chemical Company between 1984-2002, and Baxter Healthcare Europe between 2002-2005, where he was senior vice-president and CFO.
From Life Support to Lean Machine
Power and automation group Asea Brown Boveri (ABB) which, over-diversified and under-controlled, came close to financial disaster in 2002. With companies beginning to suffer in the current...