July 9, 2019 / 3:01 PM / 7 days ago

ABB's Voser battles headwinds as he pursues overhaul

ZURICH, July 9 (Reuters) - ABB is pressing ahead with a review of its underperforming businesses and expects a turbulent 2019 amid a slowdown in some markets and China-U.S. trade tensions, Chairman and interim Chief Executive Peter Voser told Reuters.

The Swiss engineering company is in a "heavy-lifting phase", Voser said, completing the separation and sale of its power grids business to Hitachi, and on Tuesday announcing a deal to quit solar energy inverters.

"There are clear headwinds in some of the end market segments in which we are operating," Voser said in an interview. "You can see a slowdown in the automotive sector around the globe, which affects the robotics market and we will feel this at some stage as well." (Reporting by John Revill; Editing by Michael Shields)

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