About
Peter Terwiesch was appointed President of the Process Automation business area and member of the Executive Committee effective January 2015. From 2011 to 2014 he was Head of ABB's Central Europe region, and from 2005 to 2011 he was ABB's Chief Technology Officer, having held several positions with ABB from 1994. He is a member of the board of Hilti AG. Mr. Terwiesch was born in 1966 and is a German and Swiss citizen.
Roles
ABB Ltd
President, Process Automation · Current role
January 2015–present
ABB Central Europe region
Head
2011 - 2014
ABB
Chief Technology Officer
2005 - 2011
ABB
Several positions
from 1994
ETH Zurich
PhD, Electrical Engineering
1994
Karlsruhe Institute of Technology
Master's degree, Electrical Engineering
1991
Harvard Business School
General Management Program
2002
External Roles
Hilti AG
Member of the Board
—
Metall Zug AG
Member of the Board
—
Fixed Compensation
FY 2023Base salary
CHF 855,003
Pension benefits
CHF 505,595
Other benefits
CHF 657,565
Includessocial security, health insurance, education, transportation, tax advice
Performance Compensation
Data from FY 2023Cash incentive
Annual Incentive Plan (short-term incentive)
CHF 1,179,060
Target Opportunity
—
AIP outcome137.1% of target
Target AIPCHF 860,000
Stock awards
Long-Term Incentive Plan - PSU grant (fair value at grant)
CHF 871,844
Vesting dateApril 24, 2026
Performance measuresEPS 50% / relative TSR 30% / Sustainability 20%
Also at ABB Ltd
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