MALMÖ, Sweden, January 12, 2016 /PRNewswire/ --
Rosti Group's Board of Directors has appointed Brendan Colgan as the new CEO of Rosti Group effective from March 1, 2016. He succeeds Börje Vernet, who has been CEO since 2007. Brendan Colgan comes most recently from the global engineering group imi as Divisional Managing Director for their Precision Engineering Division.
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Mats Heiman, Chairman of Directors of Rosti Board, comments: "Brendan Colgan has extensive international and operational experience from large global companies. With a strong communicative ability
he has managed important change programs, successfully developed the business and improved profitability in the companies where he has worked. With his international background and rich knowledge of complex, large industries Brendan has the competencies to lead Rosti in its continued development and growth. I would like to thank Börje Vernet, Rosti's current CEO, that since 2007 successfully has increased turnover ten times with good profitability to 500 million Euro."
Brendan Colgan commented, saying: "It will be a privilege to continue to build upon what has already been accomplished at Rosti with good profitability and well-anchored values internally. Rosti Group has a strong position in the European and Asian market and I look forward to leading the company towards its vision to double the turnover to 2019 - from the current 500 million to 1 billion Euro - both organically and through acquisitions."
During 2015 Rosti Group's current Chief Executive, Börje Vernet, informed the Board of Directors of his intention to resign from his position as CEO of Rosti. In January, 2016 Börje will assume the position as CEO of Dacke Industri AB, a company within Nordstjernan, with the strategy to invest in technology companies oriented towards customer-specific system solutions and components.
More information on Brendan Colgan
Brendan Colgan was born in Northern Ireland. He has forged a successful career within Charter International Plc, an international engineering company comprising esab and Howden, where he has had various roles and functions, including several executive positions. He has operated across all continents, including significant periods of times abroad - such as in Mexico, Australia and the United States. When he returned to the UK he held the business development and strategy role for the group including responsibility for M&A, while retaining his seat on the Board of the US business. Later he assumed responsibility for esab's Asia Pacific, Middle East and African business and in 2011 he was appointed CEO of esab. The following year he was headhunted into imi Plc to run their Precision Engineering Division with 1 billion Euro turnover and 6 000 employees. imi Precision Engineering is a world leader in motion and fluid control technologies supplying a range of markets.
Rosti Group is a global plastics injection moulding company and subcontract manufacturer to the Automotive, Packaging, Consumer & Professional Appliances, Business Machines, and Life Sciences markets. Rosti has 12 manufacturing facilities in Europe and Asia, 4 000 employees and sales of 500 MEUR. Rosti is rapidly expanding, organically and through acquisitions. The head office in Malmö employs 12 persons. Rosti is owned by the Swedish investment group Nordstjernan.
For further information, please visit http://www.rosti.com and http://www.nordstjernan.se
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