Saurer Group becomes more Chinese in Top Management

Saurer Group becomes more Chinese in Top Management

Saurer announces the appointment of Clement Woon as CEO and Jesse Guan as COO of the Group. This adjustment is intended to prepare theSaurer_Martin-Folini-A Group for its next phase of development. Dr Martin Folini, the up-to-now CEO, will continue to be engaged with Saurer in a consulting role

Clement WoonClement Woon is a Singapore citizen and was co-CEO and co-President of the Jinsheng Group. He has the proven ability in the strategic development of Multi-businesses firms to access growth and profitability. In the past, he was active as CEO of Oerlikon Textile, President and CEO SATS Ltd, a public listed Singapore Company and President of Leica Geosystems Division, a Swiss company.

Jesse Guan, a Chinese Citizen, has been working for Jinsheng since 2011 and was Co-President & Executive President of the Jinsheng Group. He brings a variety of experiences to the Senior Manage- ment and had i.e. full P&L responsibility in industrial MNCs (such as Ingersoll Rand & TI Automotive) for product & manufacturing focused businesses in Asia.

Mr_Jesse_Guan_COO_Saurer_GroupThe Saurer Group is a leading textile industry group mainly specialising in machinery and components for yarn processing. Saurer unites the spinning brands Schlafhorst and Zinser, the twisting brands of Allma and Volkmann, pre-spinning brand Jintan and the Saurer Embroidery brand along with the Saurer Components division consisting of the brands Accotex, Daytex, Fibrevision, Temco and Texparts.

With annual sales around EUR 1.0 billion, 4000 employees worldwide and locations in Switzerland, Germany, United Kingdom, Czech Republic, Turkey, Brazil, Mexico, USA, China, India and Singapore, the group is well positioned to serve the world’s textile industry centres.

www.saurer.com

TextileFuture’s short commentary: It seems that ITMA Asia is offering the limelight to communicate leadership changes within the Saurer Group. Already when Dr Folini took over the helm from Daniel Lippuner, we predicted that over time the Chinese ownership will exercise more control, and this is now the case, as it was done in other cases and with other acquired European companies. It is clear that a Chinese ownership has less scruples to take control of traditional Swiss or European companies, because such measures are more accepted than before. Only the manner such forced changes are communicated are missing the diplomatic touch and the grip is rather rude, but in this category, Chinese do customary not care, however, customers take good notice of it!


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