Concentric AB appoints Riccardo Cavallari as Vice President Operational Excellence

Concentric AB has appointed Riccardo Cavallari as Vice President Operational Excellence. Riccardo joins the Group on 1 August 2022 and will be instrumental in leading the development of our manufacturing and quality strategy, in particular focusing on electrification, implementing our global sourcing function and driving productivity improvements through the Concentric Business Excellence program.

Riccardo holds a degree in Information Technology from University of Venice and is a certified Master Black Belt and Lean Six Sigma Champion.

Martin Kunz, President and CEO of Concentric AB commented, “we are delighted that Riccardo is joining the Group. Riccardo brings extensive experience and a proven track record as an international change leader delivering operational excellence in pump manufacturing and fluid management and will be a key member of the Group Leadership Team”.

For additional information please contact Martin Kunz, telephone +44-121-445 6545.

Concentric AB is an innovator in flow control and fluid power, supplying proprietary systems and components to the world’s truck, agricultural machinery, construction equipment and industrial applications end-markets. The company has a global manufacturing presence including in the UK, USA, Germany, Sweden, India and China. Concentric’s focus is to develop world class technology with innovative solutions that meet the sustainability needs of our customers. Concentric offers engine products including lubricant, coolant and fuel pumps, hydraulic products encompassing gear pumps and power packs, and finally several key technologies for the fast growing market for electrical and hybrid powertrains. In 2021, The Group had a turnover of MSEK 2,115 and circa 1,100 employees. At the end of October 2021, The Group acquired Engineered Machined Products, Inc. ("EMP"), a leading US producer of electric and mechanical water and oil pumps, electric fans, thermal management systems and precision machined components. In 2021, EMP had over 400 employees and a turnover of  SEK 1,011 million. Including EMP for the whole year 2021, Concentric would have had a combined turnover of SEK 2,958 million.