David Bessant appointed SeniorVice President and Marcus Whitehouse to join Concentric as the new ChiefFinancial Officer.

David Bessant is appointed Senior Vice President for Europe and the Rest of the World with immediate effect. David joined the business in 2009 and has been the Chief Financial Officer for the Concentric Group since 2010. This planned organisational move gives David operational responsibility across this wide reaching region.

In conjunction with David’s internal appointment, Marcus Whitehouse has accepted an offer to join Concentric AB as the new Chief Financial Officer with effect from 2nd January 2018. In the intervening period, David has agreed to oversee both roles.

Marcus Whitehouse will join Concentric from JCB where he has worked for the last 10 years and currently holds the position of Director of Group Finance. At JCB, he has held senior financial roles leading strategy and operational improvements for the international manufacturer. Prior to joining JCB, Marcus worked for the private equity owned business, Linpac; the New York listed Huntsman Group and Albright and Wilson PLC. He is a Fellow of the Association of Chartered and Certified Accountants.

David Woolley, CEO of Concentric AB commented, “David Bessant is already a respected and proven leader in Concentric and he has been a leading advocate of the Concentric Business Excellence programme. With his knowledge of the business, his relationships with our teams and his grasp of the commercial realities of our markets combined with his strategic outlook, I am confident that he will accelerate growth throughout his area of responsibility.” Turning to the appointment of Marcus Whitehouse, David Woolley added, “The CFO role is a critical appointment for the Concentric Group and I am pleased we have been able to secure Marcus. With his experience, Marcus can quickly contribute to Concentric’s strategy and champion operational improvements. He brings commercial acumen and energy together with a proactive, positive attitude and a passion for results. His background and skills will complement our existing executive team.”

David Bessant replaces Paul Fleetwood as Senior Vice President for Europe and the Rest of the World following his resignation.

For additional information please contact David Woolley, telephone +44-121-445 6545

Concentric AB is an innovator in flow control and fluid power, and is a supplier to leading manufacturers of trucks, agricultural machinery, industrial applications and construction equipment . The company has manufacturing facilities in the UK, USA, Germany, Sweden, India, China and Argentina.

About Us

Concentric AB is the former Hydraulics Division of Haldex AB and from June 16 2011 a separate listed company.Concentric is one of the world’s leading pump manufacturers. Our flow dynamics gives customers advanced technology oil pumps, water pumps, fuel pumps and hydraulic systems. We aim to increase fuel economy, reduce emissions and improve engine control through our technical solutions and precision engineering. Concentric’s global manufacturing presence includes factories in Sweden, Germany, the UK, the USA, Argentina, India and China, backed by central support and development functions. This means we sell locally to our global customers. The business fuses Concentric’s strengths as a pumps maker with longstanding expertise in hydraulic products. Our customers make trucks, construction equipment, agricultural machinery and general industrial applications.

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