Sulzer elects new CEO
- Business & Finance
Sulzer, a Swiss industrial engineering and manufacturing firm, has appointed Greg Poux-Guillaume, until now President and CEO of Alstom Grid, as its new Chief Executive Officer (CEO).
The appointment is effective December 1, 2015. Thomas Dittrich, interim CEO since August 10, 2015, will return full-time to his role as CFO.
Greg Poux-Guillaume was also a member of Alstom’s Executive Committee. He was President and CEO of Alstom Grid from 2011 to 2015.
Sulzer says Poux-Guillaume has extensive global experience in many of Sulzer’s key markets—particularly the oil and gas and power markets—and a strong track record of leading restructurings and building global businesses.
From 2009 to 2011 he was Senior Managing Director of CVC Capital Partners, and from 2003 to 2009 he held various positions within the Alstom Group, including CEO of Hydro Power Plants and CEO of Environmental Control Systems.
Before joining Alstom, he worked for Softbank and McKinsey, and held various positions at Total Exploration & Production. Greg Poux-Guillaume has worked in the UK, Angola, Myanmar and France.
Peter Löscher, Chairman of the Board of Sulzer, said of the appointment: “The Board of Directors is very pleased that Greg Poux-Guillaume is joining Sulzer as its new CEO. He brings a comprehensive knowledge and broad understanding of many of our key markets, particularly in the oil and gas market and the power industry. He has a proven track record of leading turnarounds and building successful, profitable businesses in challenging environments. These skills will be crucial as we strategically transform Sulzer and position the company to achieve its full potential while improving profitability and operating margins. The Board is convinced that with Greg Poux-Guillaume’s leadership and experience, Sulzer will become a truly marketfocused, industry-leading company that creates significant value for its customers, employees, and shareholders.”
Greg Poux-Guillaume commented: “I am deeply honored to join a company of the stature of Sulzer. Its rich history, solid businesses and talented teams are the perfect building blocks for the transformation initiated by the Board of Directors and the Executive Committee, and which I look forward to leading and accelerating.”