Rolls-Royce Power Systems AG appoints new CEO and CFO

Rolls-Royce Power Systems AG, a Rolls-Royce business unit, has appointed Dr Jörg Stratmann as the company’s new chief executive officer (CEO), and Dr Andreas Strecker as chief financial officer (CFO).

Stratmann, who holds a doctorate in industrial engineering, will be joining the team from 15th November 2022. Stratmann was most recently CEO and chairman of the executive board of the automotive supplier Mahle GmbH.

Dr Jörg Stratmann, Rolls-Royce Power Systems AG's new chief executive officer.

Warren East, CEO at Rolls-Royce, commented, “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.”

Tufan Erginbilgic, who will take over as CEO at Rolls-Royce from 1st January 2023, was closely involved in the recruitment process.

Erginbilgic 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.”

Strecker will join the management board of Rolls-Royce Power Systems as CFO on 1st December 2022 and will report to Rolls-Royce plc CFO Panos Kakoullis within the Rolls-Royce Group.

Dr Andreas Strecker, Rolls-Royce Power Systems AG's new chief financial officer.

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

Most recently, he was president for Europe and Asia at Accuride Wheels, a supplier to the global commercial vehicle industry, with responsibility for plants in Asia and Europe.

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.”

For more information, visit Rolls-Royce PLC.

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