About
Tarak Mehta was appointed President of the Motion business area effective April 2022 and has been a member of the Executive Committee since October 2010. He was previously President of the Electrification business area from April 2019 and President of the Electrification Products division from 2016 to 2019, and led the Low Voltage Products division from 2010 to 2015 and ABB's transformers business from 2007 to 2010. He is a member of the board of Prysmian S.p.A. Mr. Mehta was born in 1966 and is a US and Swiss citizen.
Roles
ABB Ltd
President, Motion · Current role
October 2010–present
ABB Electrification business area
President
April 2019 - April 2022
ABB Electrification Products division
President
2016 - 2019
ABB Low Voltage Products division
President
2010 - 2015
ABB transformers business
Head
2007 - 2010
ABB
Several management positions
1998 - 2006
Purdue University
Bachelor's degree, Mechanical Engineering
—
University of Chicago
MBA, Finance and Marketing
—
Cooper Power Systems
Eight years in the US, prior to ABB
—
External Roles
Prysmian S.p.A.
Member of the Board
—
Fixed Compensation
FY 2023
Pension benefits
CHF 526,130
Other benefits
CHF 746,993
Performance Compensation
Data from FY 2023
Cash incentive
Annual Incentive Plan (short-term incentive)
CHF 1,395,000
Stock awards
Long-Term Incentive Plan - PSU grant (fair value at grant)
CHF 942,817