ABB and Niedax Group announce completion of joint venture with the formation of Abnex Inc. This joint venture?s executive leadership team and board of directors have been structured to equally represent both parent companies. Cornelius Steele, Executive Board Member Niedax Group, will lead the joint venture as President and CEO, and Cyrill Scholer, Senior Finance Executive, ABB Installation Products Division, will serve as Chief Financial Officer. The Board of Directors will include: Bruno Reufels, CEO of Niedax Group, who will serve as Chairman; Khalid Mandri, President of ABB Installation Products, who will serve as Deputy Chair; and Michael Shenouda, Canada Region Leader, ABB Installation Products Division.

In addition to his role as President and CEO of Abnex Inc., Cornelius Steele will also serve on the Board of Directors.