Hexagon Composites Taps Automotive Veteran as CEO
Tuesday, Dec 3, 2024 1:30 am ET
4min read In a strategic move to drive innovation and growth, Hexagon Composites has appointed Dr. Philipp Schramm as its new Chief Executive Officer, effective January 7, 2025. Schramm's extensive background in the automotive industry, coupled with his proven track record of driving success in dynamic environments, positions him as an ideal candidate to lead Hexagon Composites into a new era of transformation.
Schramm's appointment comes on the heels of Jon Erik Engeset's decision to step down, announced in April 2024. With over 15 years of global experience in the automotive supplier industry, Schramm brings a wealth of knowledge and expertise to his new role. Most recently, he served as CEO and CFO of Brose, one of the world's largest family-owned automotive parts suppliers. During his tenure at Brose, Schramm grew the company by 30% through strategic leadership and a customer-focused approach.
Hexagon Composites' Board of Directors is confident that Schramm's broad industry experience and value-driven mindset will make him a transformative leader for the company and the industry. His deep sector knowledge and ability to identify new markets and business opportunities will be crucial in unlocking Hexagon's full potential.
Schramm's appointment comes at a critical juncture for Hexagon Composites. The company's diverse portfolio of technologies, including its 38% stake in Hexagon Purus, offers cost-effective and environmentally friendly alternatives for transportation and gas distribution. Schramm's expertise in Renewable Natural Gas, Hydrogen, and Battery Electric Solutions will be invaluable in driving innovation and growth in these key markets.
As Hexagon Composites expands its reach and explores new opportunities, Schramm's customer-focused approach and adaptability will be essential in navigating dynamic and fast-changing environments. His experience working in and understanding all of Hexagon's major markets will enable him to foster collaboration and adaptability, ensuring the company stays competitive and relevant.
In conclusion, Dr. Philipp Schramm's appointment as CEO of Hexagon Composites signals a strategic move to leverage his automotive industry expertise and drive innovation in energy solutions. With a proven track record of success and a customer-focused approach, Schramm is poised to lead Hexagon Composites into a new era of growth and transformation. As the company continues to explore new markets and business opportunities, investors and stakeholders can expect great things from this dynamic leader.
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