Germany: P S Werften Appoints New Chief Executive Officer

Rüdiger Fuchs will become the new Chief Executive Officer of P+S Werften. The experienced industry manager and qualified engineer (Daimler Group, Airbus and Sietas Group) will take over management of the company from Dr. Dieter Brammertz, who is leaving P+S shipyard as planned.

The change is taking place after the European Commission has approved the rescue aid granted preliminarily by the German State of Mecklenburg-Pomerania.

Dr. Dieter Brammertz (63) was Chairman of P+S Werften from February 2010 and planned and designed the speedy restructuring of the former Hegemann-Werftengruppe. The merger of the shipyards at Stralsund and Wolgast into P+S Werften, and the repositioning of the company as a specialist shipbuilder, are the substantial milestones he achieved.

Rüdiger Fuchs (46): “I represent a new start at P+S Werften. It’s my aim to lead P+S Werften to long-term success as a specialist shipbuilder with a clear product profile. My first steps will be to win back the trust of customers, employees and suppliers as well as banks and guarantors in the company, and to work out a truly realistic company concept. To this end, we need a thorough and clear analysis which begins this very day. This will form the basis for a comprehensive restructuring plan which we will present to the European Commission by the end of 2012.”

In parallel to the company analysis and the creation of a restructuring plan, the available projects and existing processes will be thoroughly examined, evaluated and – where necessary – reformulated. A key aspect in this regard will be to sharpen and expand the core competencies of P+S Werften in terms of the development and construction of high-performance special-purpose vessels.

Rüdiger Fuchs: “Specialist shipbuilding can only succeed when design and production come from one source. Innovative engineering and a highly-skilled production team are the key to market success. For the successful implementation of specialist vessel construction with single-unit production, we at P+S Werften will further develop the necessary product expertise and cultivate the right relationship between engineering and production.”

[mappress]

Shipbuilding Tribune Staff, August 6, 2012; Image: pus-werften