Word: asea
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...later pushed Enrico to buy Quaker Oats and Tropicana, two bold acquisitions that kept the company squarely in snack foods while adding healthier fare to the mix. Strategic vision has always been her strength. Before joining PepsiCo in 1994, she held top corporate-strategy posts at Motorola and Asea Brown Boveri. A native of Madras, India, Nooyi came to the U.S. to attend business school at Yale. (She now sits on the university's board of trustees.) The one gap in her resume is operations--that's an area in which PepsiCo CEO Steve Reinemund excels. Since the pair took...
...assessment was like Barnevik himself: analytical, quick, blunt and, above all, global. As chairman of ABB Asea Brown Boveri, the world's largest electrical-engineering group, Barnevik, 57, presides over a $36 billion federation of more than 1,000 companies with 217,000 employees in 140 countries. Zurich-based ABB is the biggest single investor in Eastern Europe and the former Soviet Union, a Western pioneer in India and an aggressive player in East Asia and Latin America. For three years running it was voted "Europe's most respected company" in a poll of executives by the Financial Times newspaper...
Last month Barnevik gave up the title of chief executive officer he had held since he created ABB in 1988 by fusing Sweden's Asea with Switzerland's BBC Brown Boveri. Though he will remain a strong presence at ABB, the move will give him time to preach his gospel of East-West economic cooperation to skeptical politicians, labor leaders and business executives. "This is something very close to my heart," he says. "If we can combine the low wages in the East with the high skills in the West, we can revitalize Europe." Barnevik believes the West...
This champion of globalization started life in a provincial setting: the isolated west coast of Sweden. Educated as an economist, Barnevik left a management-consulting job to help a troubled Swedish steel company. Success there led to the ceo spot at Asea, a large electrical-engineering firm then in decline. Barnevik carried out a radical and initially painful shake-up, dubbed "Percy's reign of terror...
...need borders to be more open," de Pury said. He called for the formation of more multinational corporations, such as ABB Asea Brown Hoveri Group, an electronic engineering company which he co-chairs...