Management Succession At Uster Technologies Ltd

USTER, Switzerland — March 31, 2016 — Thomas Nasiou will take over the position as CEO of Uster Technologies as of April 1st, 2016. Dr. Geoffrey Scott and Philip Mosimann will become Co-Chairmen of the Board of Directors. Koichi Ito joins the USTER Board of Directors succeeding Susumu Toyoda.

As previously communicated, Thomas Nasiou will assume the role of CEO (Chief Executive Officer) for the new financial year starting on April 1st, 2016. This follows a planned transition and handover of responsibilities from Dr. Geoffrey Scott who will remain as a member of the Board of Directors.

In order to ensure the most effective operation of the Board, the Board of Directors has decided to appoint Philip Mosimann and Dr. Geoffrey Scott to the roles of Co-Chairmen.

From April 1st, Koichi Ito also joins the Board of Uster Technologies. Koichi Ito is the new Head of the Textile Machinery Division of Toyota Industries Corporation, succeeding Susumu Toyoda who has been promoted to a new position in Toyota Motor Corporation. Susumu Toyoda will leave the USTER Board as of April 1st.

“The Board of Directors of Uster Technologies and Toyota Industries Corporation are pleased that, with the new management organization, the long term continuity and success of Uster Technologies is secured. With Thomas Nasiou a strong internal successor as CEO is in charge, and with the support of Dr. Geoffrey Scott as a Co-Chairman, knowledgeable and dedicated leadership continues in the best interest for the company  and its customers”, says Philip Mosimann, Chairman of the Board of Directors of Uster Technologies.

Posted March 31, 2016

Source: Uster Technologies AG