Fred Kindle, Former ABB President and CEO, Joins Clayton, Dubilier & Rice

London and New York (ots/PRNewswire) - Clayton, Dubilier &
Rice, a leading private equity firm today announced that Fred Kindle,
the former President and Chief Executive Officer of ABB Ltd. (NYSE:
ABB), has become a Partner of the Firm.

Under Mr. Kindle's leadership, ABB, the world's leading supplier
of electrical and automation equipment, systems, and services
accomplished an impressive turnaround in performance during the
period 2004-8, with core operating sales and profitability both
rising substantially. Prior to ABB, Mr. Kindle served from 1999-2004
as President and Chief Executive Officer of Sulzer, a global
industrial engineering and manufacturing company, where he led a
significant portfolio restructuring and profit enhancement.

Donald J. Gogel, Chief Executive Officer of CD&R, commented:
"Europe is an important market for Clayton, Dubilier & Rice. We
believe that our success working on large global divestitures across
a range of industries and building value by improving long-term
business performance aligns well with the opportunities to help
large, global companies reshape their portfolios. We are pleased to
welcome Fred to the Firm."

Roberto Quarta, Chairman of CD&R Europe, commented: "We are very
excited to have an exceptional industrial leader of Fred's calibre
join our team. Our operating partners are integral to the CD&R model,
and instrumental in helping source transactions and supervising the
transformation and growth of our portfolio companies."

Mr. Kindle commented: "CD&R is a firm with a long and successful
record of improving the underlying operating performance of portfolio
companies, which has never been more relevant than it is today. I am
pleased to join a group with such a strong sense of shared values,
and I look forward to applying my management experience as part of
the CD&R team."

Prior to Sulzer, Mr. Kindle also served at McKinsey & Company in
New York and Zurich. He is a member of the Boards of Zurich Financial
Services and VZ Holding Ltd.

About Clayton, Dubilier & Rice

With 30 years of history, Clayton, Dubilier & Rice, Inc. is one
of the most experienced and respected private equity firms. The
Firm's focused investment strategy is predicated on producing
superior financial returns through building stronger, more profitable
businesses. Approximately 90 percent of the Firm's historical returns
have resulted from improved operating performance. CD&R's portfolio
investments include global market leaders such as Rexel Group
(RXL.PA), Hertz Global Holdings, Inc. (NYSE: HTZ), Sally Beauty
Holdings, Inc. (NYSE: SBH), HD Supply and The ServiceMaster Company.
The firm is based in New York and London. http://www.cdr-inc.com.

ots Originaltext: Clayton, Dubilier & Rice
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Contact:
Contact: Thomas C. Franco, +1-212-407-5225, tfranco@cdr-inc.com;
Daniel G. Jacobs, +1-212-232-2227, djacobs@broadgate.com; Philip
Gawith, +44(0)20-7379-5151, pgawith@maitland.co.uk