Chief Technology Officer, Prith Banerjee, who joined ABB in 2012, has decided to leave ABB for family reasons. He will be relocating to the United States where he will be taking another position outside the company. A successor will be announced in due course.
“Prith has brought new momentum to ABB’s research and development activity,” said CEO Joe Hogan. “I regret Prith’s decision to leave the company. I’d like to thank him for his contribution and wish him all the best for the future.”
Banerjee will be leaving ABB in the next few weeks. A date for his departure has not yet been decided.
[Gary comments] I don’t think we should be jumping to any conclusions, yet, with this announcement coming on the heels of CEO Joe Hogan’s announcement at the end of last week. Maybe it’s hard to recruit people to live in Zurich? Who knows.
Although Hogan has built a strong team, the loss of two key players will certainly be a short-term setback for the company. It is still showing strength and growth. It will be interesting to watch how the replacements are picked and what their strengths are in order to determine future directions.