Geissinger is the new CEO at Senvion

Wednesday, 23 December, 2015 - 13:00
Juergen Geissinger, former CEO at Schaeffler, is taking over from Andreas Nauen as CEO of Senvion. (Photo: dpa)
Juergen Geissinger, former CEO at Schaeffler, is taking over from Andreas Nauen as CEO of Senvion. (Photo: dpa)

On December 17, Jürgen Geissinger was appointed as Chief Executive Officer (CEO) of Senvion GmbH. He will also become a co-owner of the company. He is replacing Andreas Nauen, who will stay with the company as a member of the advisory board.

Mr Geissinger's last position was CEO of the technology company Schaeffler. Within 15 years, he was able to increase the company's business from a turnover of approximately € 2 billion in 1998 to around € 12 billion in 2013. He was also in charge of the merger with Continental, which turned the company into the world's largest automotive supplier. After leaving Schaeffler, Geissinger was appointed to supervisory boards of various German and international industrial companies, and he will remain on the supervisory boards of MTU Aero Engines and Sandvik in addition to his position at Senvion. manager-magazin.de calls Geissinger "one of the most agile German top managers of the past decade".

"I am looking forward to my new role as CEO of Senvion. Senvion is well-positioned for future growth and I will use all of my experience to ensure that the company stays on a path to success. I am especially looking forward to collaborating with Senvion's entire team on this exciting journey," Geissinger said. And that journey may take the company to the stock exchange. "As part of Senvion's internationalisation and growth, Centerbridge is looking at different options, including a transaction on the capital market that might take place in the next few years," Senvion hinted in a press release. Senvion has already held preliminary talks with several banks.

"Juergen Geissinger has proven that he can put a company on a path to growth using a clear strategic direction, innovation and disciplined implementation on a global scale. We are confident that his experience and his passion for technology form the right combination to drive Senvion's further expansion as a leader in innovation and that Senvion will successfully increase its presence in existing and new markets," said Stefan E. Frankowski, chairman of Senvion's supervisory board.

Katharina Garus

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