Restructuring / Turnaround Strategies Case Study

ABB: Fred Kindle's Restructuring Strategies

Abstract:
From being on the brink of failure, Asea Brown Boveri Limited (ABB) was slowly turning around its fortunes. Industry experts were of the opinion that it was the company’s Chief Executive Officer, Fred Kindle's (Kindle) restructuring strategies that were responsible for this turnaround. They were confident that ABB had left its troubled times behind and was on the path to healthy growth. Nevertheless, some experts believed that the company may face many troubles ahead and it was too early to conclude Kindle's success.

Pedagogical Objectives:

• To highlight the turning around of ABB Ltd. from failure
• To discuss whether Kindle would sustain its successful turnaround in the future.

Keywords : Asia Brown Boveri Ltd (ABB); Fred Kindle; ABB’s restructuring; Fred Kindle’s strategies; ABB and the asbestos lawsuit; ABB’s problems; Restructuring / Turnaround Strategies Case Study; ABB in China – India and other Asian countries; ABB’s corporate culture; ABB in US; Former Chief Executive Officers of ABB, Percy Barnevik, Lindahl, Centermann, Dormann; ABB’s acquisitions; ABB’s turnaround; ABB in 2005