Dr. Jörg Stratmann (photo) has been appointed as CEO of Rolls-Royce Power Systems AG, a Rolls-Royce business unit. He will join Rolls-Royce on 15 November 2022 reporting to CEO Warren East as part of the wider Executive Team. Separately, Dr. Andreas Strecker will join Power Systems as Chief Financial Officer from 1 December 2022.
Jörg Stratmann, who holds a doctorate in industrial engineering, was most recently CEO and chairman of the executive board of the automotive supplier Mahle GmbH. In this role, he significantly expanded the business outside the area of combustion engines towards customized solutions for e-mobility and successfully developed new business opportunities based on sustainable technologies for global markets. Previously, he held various international positions for Siemens AG and leading positions at Mahle.
Warren East, CEO, Rolls-Royce, said: “Dr. Jörg Stratmann brings with him extensive experience of the energy transition and how it opens up valuable growth opportunities, which will benefit the whole group. He also has a record of driving operational performance and efficiency improvements, which will assist Power Systems as it continues to sharpen its focus on the profitability of the core mtu business.”
Tufan Erginbilgic, who will take over as Rolls-Royce CEO from 1 January 2023, was closely involved in the recruitment process. He 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.”
Jasmin Staiblin, Chair of the Supervisory Board of Rolls-Royce Power Systems, said: “In Dr. Jörg Stratmann we have identified a recognized leader with international experience. With his broad horizon, he will generate further momentum as the business continues to make the transition towards a global developer and supplier of sustainable energy solutions.”
Dr. Jörg Stratmann said: “Driving the further development of a leading industrial company into a provider of sustainable solutions and further expanding the product portfolio is an exciting and very appealing task. Rolls-Royce Power Systems has very good capabilities to shape this transformation. The company has an impressive history and is known for its technological expertise. I look forward to getting to know all the employees and shaping the company’s continued success together.”
Jörg Stratmann succeeds Andreas Schell, who on 7 April 2022 announced his decision to stand down. Jasmin Staiblin said: “I would like to thank Andreas Schell for his high level of personal commitment to the strategic transformation, into a provider of integrated and sustainable solutions, he successfully initiated at Rolls-Royce Power Systems and to the profitable growth he helped the business generate. He takes with him our every good wish for the future.”
Separately, the Supervisory Board of Rolls-Royce Power Systems has also appointed Dr. Andreas Strecker as Chief Financial Officer. He will join the Management Board of Rolls-Royce Power Systems on 1 December 2022 and will report to Rolls-Royce plc Chief Financial Officer Panos Kakoullis within the Rolls-Royce Group.
Andreas Strecker has extensive experience in the financial management of international corporations, primarily in the automotive and industrial sectors. Most recently, he was President, Europe & Asia, at Accuride Wheels, a supplier to the global commercial vehicle industry, with responsibility for plants in Asia and Europe. Prior to that he was CFO of Cologne-based engine maker Deutz AG, and CEO of Solaris Bus & Coach sp. z o.o., where he turned the company into the leading manufacturer of electric buses.
Jasmin Staiblin said: “With Dr. Andreas Strecker, we have secured a CFO with international expertise and a wealth of market knowledge. I am certain that Dr. Strecker will use his experience to make a substantial contribution to the profitable and sustainable onward development of Power Systems.”
Rolls-Royce Power Systems is headquartered in Friedrichshafen in southern Germany and employs around 9,000 people. Its product portfolio includes mtu-brand high-speed engines and propulsion systems for ships, power generation, heavy land, rail and defense vehicles and for the oil and gas industry as well as diesel and gas systems and battery containers for mission critical, standby and continuous power, combined generation of heat and power, and microgrids and is intensively engaged in the development of climate-neutral solutions.
