Market Overview

Sauer-Danfoss Appoints Eric Alstrom CEO

Sauer-Danfoss (NYSE: SHS) today announced that Eric Alstrom has been appointed to the position of President, Chief Executive Officer and Director, effective October 5, 2012. Alstrom succeeds Sven Ruder who announced his resignation effective October 5, 2012.

Mr. Alstrom, age 46, has 20 years of experience in the automotive industry, most recently as Managing Director at Benteler Automotive, a large privately held German company specializing in lightweight chassis and parts for the automotive industry.  Prior to this Alstrom held several senior leadership positions at General Motors in the U.S., Asia and Europe. He will be responsible for continuing the positive development of Sauer-Danfoss following Mr. Ruder's successful tenure.

Posted-In: News M&A

 

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