Supervisory Board extends contracts with Rolls-Royce Power Systems directors

Mar 18, 2019

  • Continuity secured with Andreas Schell and Marcus A. Wassenberg to December 2022

At today's meeting, the Supervisory Board of Rolls-Royce Power Systems AG agreed on extending the contracts of President and CEO Andreas Schell alongside CFO and HR Director Marcus A. Wassenberg. Both contracts were extended until December 2022.

“The Board of Directors at Rolls-Royce Power Systems has jointly stabilized business operations significantly over the past years to make this organization fit for the future. The recently published figures for fiscal 2018 are proof positive of this upturn,” said Axel Arendt, Chairman of the Supervisory Board. “In bringing the RRPS 2018 transformational change program to a successful conclusion, management and workforce have laid the cornerstone for the PS 2030 Strategy. Initial successes are already clearly visible. We can now continue steadily on our charted course under the ongoing aligned direction of the Board of Management,” he added.  

“We're naturally delighted by the confidence the Supervisory Board has expressed in us based on our efforts to date,” commented CEO Andreas Schell. “The PS 2030 Strategy isn't intended to just have an impact in ten years' time. We're already working ceaselessly – and successfully – on making the leap from engine manufacturer to turnkey solution provider. Marcus Wassenberg and I are very grateful to be able to steadily develop the company as a whole step by step. And I'm very pleased that we can continue down our chosen path with the same lineup,” he continued.

“The PS 2030 strategy aims at remodeling our whole corporate culture to make jobs at Rolls-Royce Power Systems more digital, switched on and secure,” said CFO Marcus A. Wassenberg. “Andreas Schell and I, myself, are here to manage a steady progression along the road to success for the benefit of the company and the people who work here. It is as challenging as exciting to take on our tasks jointly and in close cooperation with the Executive Leadership Team (ELT). ”

Andreas Schell has been on the Board of the Friedrichshafen-based engine manufacturer since January 2017, whilst Marcus A. Wassenberg has held office at the global player, best known for its core brand MTU, since January 2015.

Download Plain Text

Photos for Press Release

Andreas Schell and Marcus A. Wassenberg

Andreas Schell and Marcus A. Wassenberg

Image Download (jpg, 2 MB)
Andreas Schell, Chief Executive Officer of Rolls-Royce Power Systems AG, President of the Rolls-Royce Power Systems business unit, and Chairman of the Board of Directors of its subsidiary MTU in Friedrichshafen.

Andreas Schell, Chief Executive Officer of Rolls-Royce Power Systems AG, President of the Rolls-Royce Power Systems business unit, and Chairman of the Board of Directors of its subsidiary MTU in Friedrichshafen.

Image Download (jpg, 955 KB)
Marcus A. Wassenberg is Chief Financial Officer and labour director of Rolls-Royce Power Systems AG and responsible for the Corporate Services division.

Marcus A. Wassenberg is Chief Financial Officer and labour director of Rolls-Royce Power Systems AG and responsible for the Corporate Services division.

Image Download (jpg, 869 KB)
Christoph Ringwald
Director Communications
+49 7541 90-4350

christoph.ringwald@ps.rolls-royce.com

 

The content of the press releases reflects the status as of the respective date of publication. They are not updated. Further developments are therefore not taken into account.

Stay up-to-date.
I accept it, close
Rolls-Royce Power Systems uses cookies to customize the site to best meet the needs of our visitors. By continuing your visit to the website, you consent to the use of cookies