Word: dormann
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...world" and published two autobiographies, one while he was CEO and a sequel after he was ousted--has been consigned to history, for now. "The extreme case of 'the company, c'est moi' is behind us," says Booz Allen's Newkirk. At engineering giant ABB, based in Zurich, Jurgen Dormann stunned senior managers by telling them in one of his first meetings after taking office in September 2002, "I don't like to work too hard or take decisions. You do that." It was a playful way of signaling that he intended to delegate operating management to his subordinates...
...Dormann's breath-of-fresh-air approach continued with a companywide email urging staff members to stop making PowerPoint presentations for one another. "Consider this," he wrote. "Somewhere among the dazzling presentation techniques ... I sense a creeping loss of substance." That struck a chord. "Bravo!!! I am so tired of executives jamming phony presentations down my throat," a U.S. regional manager e-mailed back...
...that needs renovation or replacement. "This isn't going to happen overnight," says Randy Schrieber, vice president of ABB's U.S. Power Technologies division. "But the impetus that the utility companies have shown from the blackout bodes well for us." This promising news and the streamlining instituted by Jurgen Dormann, the German CEO who was imported last year to save the nearly bankrupt company, have provided a jolt to ABB shares. Their price rose 75% from June to September...
...Thanks and Get Lost H Jörgen Centerman was forced to resign as ceo of troubled Swiss-Swedish engineering firm ABB just one day after it sold its finance division to General Electric for 12.3 billion. He will be replaced by Jürgen Dormann...
...said. Fusco traveled to West Germany with Olson and the U.S. Junior National squad over vacation, but didn't see much action because of a knee injury he suffered in an exhibition against the University of Lowell before the team left. He is reportedly back at full strength...If Dormann plays, he will make his ECAC debut. The freshman from Warwick, R.I., turned in his first varsity performance at the Great Lakes Invitational two weeks ago, as did sophomore Bill Larson, who doubles as a hurler for Alex Nahigian's Crimson baseball team...Wade Lau is expected...