ABB Names Timo Ihamuotila as New Chief Financial Officer
October 27, 2016
  • Timo Ihamuotila joins pioneering technology leader ABB as Chief Financial Officer from Nokia, effective April 1, 2017
  • Proven Chief Financial Officer with extensive experience in communications, software and services industries, active portfolio management and operational performance improvement
  • Deep understanding of corporate transformation and digital business models
  • Quantum leap in digital is cornerstone of Stage 3 of ABB’s Next Level Strategy: after creating the Chief Digital Officer role, new CFO key to transforming ABB as leader in digital industries


ABB: Continued Margin Growth in Tough Markets
October 27, 2016
  • Operational EBITA margin1 increased to 12.6%
  • White Collar Productivity on track towards $1.3 bn savings; expected total costs reduced by $100 mn
  • Net Income $568 million; basic earnings per share up 2%
  • Base orders -6%2; total orders -13%; reflect Q3 uncertainty
  • Revenues steady
  • Cash flow from operating activities $1,081 million, more consistent quarterly cash generation
  • Timo Ihamuotila to succeed Eric Elzvik as Chief Financial Officer effective April 1, 2017
  • ABB launched Stage 3 of its Next Level Strategy – committed to...
Global Hedge Funds, Venture Capitalists and Private Equity Firms Converge on Dubai for AIM Summit 2016
October 26, 2016

The St. Regis Hotel in Al Habtoor City opens its doors on November 1st to one of the region’s most exclusive audiences, restricted to CEOs, CIOs and senior decision makers collectively managing an estimated 10 trillion dollars in assets or more. The region’s largest event for hedge funds, private equity and venture capital is set to convene 400 major institutional investors and family offices with some of the world’s best fund managers. AIM Summit is"...

Arabia CSR Networks Certified Training on Fundamentals of CSR and Sustainability
October 26, 2016

Arabia CSR Network will conduct a certified training on fundamentals of CSR and Sustainability on 6th – 9th November, 2016 in Dubai. This essential training which is the first of a series of certified trainings, guarantees to equip a wide range of participants that are looking to enhance their knowledge and understanding of CSR and Sustainability including CSR team member tasked with Environmental, Social and Governance (ESG) responsibilities, as well as consultants,"...

NatureVision TV and Nature Relaxation Team up to Launch Ultra HD Channel with SES
October 26, 2016

SES S.A. (Euronext Paris and Luxembourg Stock Exchange: SESG) today announced the Nature Relaxation 4K channel has launched aboard its fast-growing Ultra HD distribution neighbourhood hosted by a trio of satellites (SES-1, SES-3 and AMC-18) at the centre of the North American orbital arc.

As part of the agreement, Vivicast Media provides multi-platform licensing of Nature"...

OT Will Present Its Q3 2016 Financial Results to Investors on November 10th, 2016
October 26, 2016

OT (Oberthur Technologies), a leading global provider of embedded security software products, services and solutions, today announced that it will present its third quarter 2016 financial results to investors on Thursday November 10th, 2016.

Didier Lamouche (CEO) and Anne-France Laclide (CFO) will be presenting these financial results and taking questions the same day at"...