Former ABB CEO Jürgen Dormann Passes Away at 85
Jürgen Dormann, the former CEO and Chairman of the Board of Directors at ABB, has passed away at the age of 85. Dormann, who led ABB from 2001 to 2007, was known for his disciplined and sober management style, which helped stabilize the company after a risky expansion strategy and an asbestos crisis. Dormann's tenure at ABB was marked by significant changes. He sold off peripheral businesses, reduced debt, and streamlined the company's structure. His courage to make clear cuts and focus on efficiency earned him admiration, although his uncompromising manner also drew criticism. Before joining ABB, Dormann had led other companies such as Rheinmetall. He was also involved with Dialog and Articon during his lifetime. However, it is his leadership at ABB that he is most known for. After leaving ABB, he continued to chair the boards of several other Swiss companies, including Sulzer, Adecco, Metall Zug, and V-Zug. Jürgen Dormann's death marks the end of an era in Swiss business. His leadership at ABB, marked by tough decisions and a focus on efficiency, left a lasting impact on the company and the industry. His legacy as a disciplined and sober manager will continue to influence business strategies in Switzerland and beyond.
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