Maritime electric supplier Cavotec has ann[ds_preview]ounced that Ottonel Popesco will be replaced by former Rolls-Royce manager Mikael Norin as CEO.
Norin will join Cavotec on May 1, 2017 and will, after a transition period, assume full responsibility as CEO on July 1, 2017. He will be based at the company‘s headquarters in Lugano, Switzerland, Cavotec said in a statement.
»The Board of Directors of Cavotec is very pleased that Mikael has agreed to take on the challenging and exciting task of leading Cavotec with focus on leading the work of implementing our new strategic plan,« says Stefan Widegren, Chairman of the Board.
Popesco who will continue to serve on the board of Cavotec SA as a non-executive director, among other strategic assignments. »While Ottonel is not leaving Cavotec, I would like to take this opportunity to express my and my fellow board members‘ sincere thanks and gratitude to Ottonel who, for the past three decades, has been a valued executive in building the Cavotec Group into what it is today. Personally, I would also like to thank him for his courage and commitment in facilitating this important generational change for Group«, Widegren added.
Mikael Norin, 53, currently works as a board director and corporate advisor for a number of companies around the world. Most recently, he served as President, Rolls-Royce Marine Services, a division of the Rolls-Royce group offering after-market services and parts to the group‘s marine and navy customers around the world.
Prior to this, he was President of Recall Americas, a division of Brambles Ltd, a global industrial services group based in Sydney, Australia. Prior to joining Recall, Mikael Norin spent 14 years with global engineering group ABB in increasingly senior executive roles based in Asia and Europe, culminating as Senior Vice President and head of the group‘s Power Systems division based in Sweden.
