Rolls-Royce appointed Jörg Stratmann as CEO of Rolls-Royce Power Systems and Andreas Strecker was appointed as CFO.
Rolls-Royce has appointed Dr. Jörg Stratmann as the CEO of Rolls-Royce Power Systems AG, a Rolls-Royce business unit. Dr. Jörg will commence his new role in the company from 15 November 2022. Dr. Jörg Stratmann will report 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.
Warren East, CEO, Rolls-Royce said, “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. 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.”
Jörg Stratmann holds a doctorate in industrial engineering. Dr. Jörg Stratmann most recently held responsibility as the 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, Dr. Jörg has held numerous international positions for Siemens AG and leading positions at Mahle.
Dr. Jörg Stratmann CEO, Rolls-Royce Power Systems AG 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 successfully 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.”
Additionally, Dr. Andreas Strecker will join Rolls-Royce Power Systems as Chief Financial Officer from 1 December 2022. Dr. Andreas will report to Rolls-Royce plc Chief Financial Officer Panos Kakoullis within the Rolls-Royce Group.
Panos Kakoullis, Chief Financial Officer, Rolls-Royce, added: “Dr Andreas Strecker has driven entrepreneurial transformation throughout his career and will be a very valuable addition to our wider Finance leadership within Rolls-Royce. His experience will be key in helping our Power Systems business to continue on its profitable journey from an engine manufacturer to a provider of more sustainable energy and propulsion solutions.”
Andreas Strecker has extensive experience in the financial management of international corporations, primarily in the automotive and industrial sectors. Most recently, Dr. Andreas held the responsibility as President, Europe & Asia, at Accuride Wheels, a supplier to the global commercial vehicle industry, with responsibility for plants in Asia and Europe. Dr. Andreas was also the 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.
Andreas Strecker, Chief Financial Officer, Rolls-Royce Power Systems 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 and the potential profitable growth opportunities that creates for mtu products. From my time at Solaris and Deutz, I know the challenges facing the drive-power business and am looking forward to helping shape the way our whole industry evolves.”
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For nearly three decades, The Rolls-Royce family of turbofan aircraft engines have continued to push the boundaries of what is possible, as each new model sets new performance benchmarks for civil aviation. Collectively the engines have earned more than 100 million flying hours. Members of the Trent engine family are now in service on the Airbus A330, A340, A350, and A380, as well as the Boeing 777 and 787 Dreamliner.
