Paul Fleetwood Appointed Senior Vice President at Concentric AB

Regulatory News:

Paul Fleetwood has been appointed Senior Vice President of Europe and Rest of World (RoW) at Concentric AB (STO:COIC), with responsibility for operations in the UK, Sweden, Germany, China and India. Paul will be based in the UK and his appointment will be effective from Monday 9th May 2016.

Paul joins Concentric from Wärtsilä Corporation. He was the Divisional Managing Director for Pumps and Valves at Hamworthy, where he continued after the acquisition of Hamworthy by Wartsila Corporation (in 2012). For three years, Paul lived and worked in Suzhou as General Manager where he oversaw the set-up of a purpose-built assembly facility and developed the business into a profitable operation. Later he spent eight years in Singapore as Managing Director for Hamworthy’s pumps business in Singapore. Paul also gained previous work experience with Eaton Transmissions Ltd, David Brown Transaxles Ltd and Rolls Royce plc, amongst others.

Paul has a B.Eng (Hons) from Loughborough University and an M.Sc in Engineering Business Management from Warwick Business School. He is also a Chartered Engineer (C.Eng).

David Woolley, CEO of Concentric AB, commented: "Paul has a breadth of experience, from the manufacture of pumps and compressors for the marine industry through to engine room pumps and valves. He also has extensive exposure to both developed and emerging markets around the world. We are confident that Paul will be able to use his strengths in leadership, product design and manufacturing excellence to make a valuable contribution to the profitable growth of Concentric.”

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