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Rolls-Royce Power Systems appoints new CEO and CFO
Dr Jörg Stratmann will take over as chief executive effective 15 November 2022, and Dr Andreas Strecker will join as chief financial officer from 1 December 2022
Dr Stratmann, who holds a doctorate in industrial engineering, was most recently chief executive and chairman of the executive board of the automotive supplier Mahle. In this role, he significantly expanded the business outside the area of combustion engines towards customised solutions for e-mobility and successfully developed new business opportunities based on sustainable technologies for global markets. Previously, he held various international positions for Siemens and leading positions at Mahle.
Rolls-Royce chief executive Warren East said, “I would like to welcome Dr Jörg Stratmann to the Rolls-Royce leadership team. He brings with him extensive experience of the energy transition and how it opens up valuable growth opportunities, which will benefit the whole group. He also has a record of driving operational performance and efficiency improvements, which will assist Power Systems as it continues to sharpen its focus on the profitability of the core mtu business.”
Tufan Erginbilgic, who will take over as Rolls-Royce chief executive from 1 January 2023, was closely involved in the recruitment process. He said, “I look forward to working with Jörg and the wider team at Power Systems as we deliver profitable growth from the strong orderbook and generate further value from its strategic move to more sustainable power solutions.”
Dr Stratmann said, “Driving the further development of a leading industrial company into a provider of sustainable solutions and further expanding the product portfolio is an exciting and very appealing task. Rolls-Royce Power Systems has very good capabilities to successfully shape this transformation. The company has an impressive history and is known for its technological expertise. I look forward to getting to know all the employees and shaping the company’s continued success together.”
Dr Stratmann succeeds Andreas Schell, who on 7 April 2022, announced his decision to stand down.
Rolls-Royce Power Systems has appointed Dr Andreas Strecker as its new chief financial officer. Dr Strecker will join the management board of Rolls-Royce Power Systems on 1 December 2022 and will report to Rolls-Royce plc chief financial officer Panos Kakoullis within the Rolls-Royce Group.
Dr Strecker has extensive experience in the financial management of international corporations, primarily in the automotive and industrial sectors. Most recently, he was president, Europe & Asia, at Accuride Wheels, a supplier to the global commercial vehicle industry, with responsibility for plants in Asia and Europe. Prior to that, he was chief financial officer of Cologne-based engine maker Deutz, and chief executive of Solaris Bus & Coach, where he turned the company into the leading manufacturer of electric buses.
Mr Kakoullis said, “Dr Strecker has driven entrepreneurial transformation throughout his career and will be a very valuable addition to our wider finance leadership within Rolls-Royce. His experience will be key in helping our Power Systems business to continue on its profitable journey from an engine manufacturer to a provider of more sustainable energy and propulsion solutions.”
Dr Strecker said, “I am very pleased to be joining Rolls-Royce at this important time as the group looks to enable its customers make the transition to more climate-neutral products and solutions across all its markets. I have been following the development of Power Systems for many years and am excited by the strategic direction the business is taking and the potential profitable growth opportunities that creates for mtu products. From my time at Solaris and Deutz, I know the challenges facing the drive-power business and am looking forward to helping shape the way our whole industry evolves.
Dr Stratmann and Dr Strecker will join the Rolls-Royce Power Systems management board which includes Dr Thelse Godewerth, as labour director and chief people officer, and Dr Otto Preiss, as chief operating officer.
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