Jurgen Geissinger has joined Germany-based wind turbine maker Senvion as the company's new CEO. Former CEO Andreas Nauen, who led the company for the past five years, will continue to support the Senvion as a member of the advisory board.
Earlier in 2015, Suzlon sold Senvion to investment firms Centerbridge Partners and Arpwood Partners.
"We thank Andreas Nauen for all his efforts at Senvion, leading the business through a period of change and transition," says Stefan E. Kowski, Senvion's chairman of the supervisory board.
According to the company, Geissinger is a business leader with a long track record in leading and expanding technology-based engineering businesses. Previously, he spent 15 years at the helm of Schaeffler, a German technology provider to the automotive and industrial sectors.
Geissinger started his career at the Fraunhofer Institute of Production Technology and Automation, where he also obtained his PhD. From there, he joined Heidelberger Druckmaschinen before holding leading positions at ITT, an international industrial company. He was appointed CEO of Schaeffler in 1998, where he played a key role in defining and executing the firm's growth strategy, including its expansion in emerging markets along with key acquisitions. After his departure from Schaeffler, he continued to advise a number of German and international industrial companies, and he remains active on the boards of MTU Aero Engines and Sandvik, among others.
"We are delighted to welcome Jurgen Geissinger to Senvion as CEO,’ comments Koski. ‘He has the proven capabilities required to drive exceptional business growth by creating strategic clarity, driving innovation and quality, while ensuring disciplined execution globally.’