Sep 21, 2022 | Maritime business news

Dr Jörg Stratmann (pictured) has been appointed as the next CEO of Rolls-Royce Power Systems and Dr Andreas Strecker will join Power Systems as CFO.

Stratmann, who holds a doctorate in industrial engineering, was most recently CEO 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.

Warren East, CEO, Rolls-Royce, 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 group CEO from 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 order book and generate further value from its strategic move to more sustainable power solutions.”

Jasmin Staiblin, Chair of the Supervisory Board, Rolls-Royce Power Systems, said: “In Dr Jörg Stratmann we have identified a recognised leader with international experience. With his broad horizon, he will generate further momentum as the business continues to make the transition towards a global developer and supplier of sustainable energy solutions.”

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.”

Stratmann succeeds Andreas Schell. Staiblin said: “I would like to thank Andreas Schell for his high level of personal commitment to the strategic transformation, into a provider of integrated and sustainable solutions, he successfully initiated at Rolls-Royce Power Systems and to the profitable growth he helped the business generate. He takes with him our every good wish for the future.”

Separately, the Supervisory Board of Rolls-Royce Power Systems has appointed Dr Andreas Strecker as CFO. He will join the Management Board of Rolls-Royce Power Systems on 1 December 2022 and will report to Rolls-Royce plc CFO Panos Kakoullis within the Rolls-Royce Group.

Strecker has extensive experience in the financial management of international corporations, primarily in the automotive and industrial sectors.

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 that 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.”

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