Senior management change at Concentric AB
Jesse Smith has decided to leave his position as Senior Vice President of the Hydraulics division, his last day with the Company will be 10 June 2022. The work to recruit a permanent successor is underway.
Jesse Smith commented, “I have worked with some great people and teams and I truly appreciate the experience and growth opportunities gained during my tenure with Concentric.”
Martin Kunz, CEO of Concentric, commented: “Ever since joining Concentric in 2007, Jesse has made a significant contribution to our Hydraulics business as general manager of our Rockford facility and latterly as SVP of the Hydraulics division, and we all wish him every success for the future. We expect to announce a permanent successor in the near future.”
For additional information please contact Marcus Whitehouse, 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.