In a carefully-planned and phased handover, Uster Technologies is to have a new Chief Executive by April 2016.
The current CEO Geoffrey Scott will take early retirement at his own request and Thomas Nasiou, who is presently the company’s Head of Textile Technology, will take over from Scott. USTER’s foresight in formulating a succession plan for the leadership of the company into the future is highlighted by this announcement.
Scott said about his early retirement that since the formation of Uster Technologies in 2003 following the first Management Buyout, they had been through some exciting and challenging times, including being publicly listed on the Swiss SIX Exchange, managing through the financial crisis, the investment and subsequent takeover by Toyota Industries and most recently the successful acquisition of Jossi Systems.
The CEO for the past 16 years added that they had developed a profound focus on the needs of their customers and were committed to providing the best solutions to help them. He said that the work was enjoyable but demanding and now it was time to slow down a bit. He also felt that it was the right time to step back from the CEO role and hand over the leadership role to a ‘new set of hands’, and believed that that now is an optimal time from the viewpoint of both, the company and the customers.
Scott will continue to provide support to the company and to the USTER management in future as a member of the Board of Directors, and the new CEO will take over from April 1, 2016, next year.
www.uster.com
