#Automotive Industry #Norway #Oslo #Hexagon Composites #Dr. Philipp Schramm

Transition in Leadership at Hexagon Composites

In a significant move, Hexagon Composites has welcomed Dr. Philipp Schramm as its new Chief Executive Officer, set to begin his role on January 7, 2025. This appointment comes as Jon Erik Engeset prepares to step down, marking a pivotal transition for the company. Dr. Schramm is expected to bring an extensive background in the automotive industry, boasting over 15 years of global experience within the automotive supplier sector.

Dr. Schramm has recently held the position of CEO and CFO at Brose, a prominent family-run automotive parts supplier that employs around 32,000 people across 24 nations and generates annual revenues close to €8 billion. Under his leadership, Brose experienced a remarkable growth of approximately 30% since 2020, underscoring his capacity to foster substantial business development. Before his tenure at Brose, he held various high-ranking positions at Webasto, another influential player in the automotive supply chain.

His career began at PricewaterhouseCoopers, focusing on audit, mergers and acquisitions, restructuring, and transaction services. This diverse experience has equipped Dr. Schramm with a thorough understanding of the intricacies of the automotive landscape, which will be invaluable to Hexagon Composites.

Knut Flakk, the Chairperson of Hexagon Composites' Board, expressed enthusiasm over Dr. Schramm’s appointment, praising his impressive career and the wealth of industry experience he brings. Flakk remarked, "We are thrilled to welcome Philipp to Hexagon. His phenomenal career speaks for itself. Philipp brings a broad industry experience, a proven track record of driving success as well as a value and people-focused mindset."

Dr. Schramm highlighted his commitment to transforming energy solutions at Hexagon, a company that prides itself on innovation in clean energy technologies. He stated, "The broad portfolio of technologies at Hexagon, including our 38% stake in Hexagon Purus, provides opportunities to harness renewable natural gas and hydrogen, paving the way for environmentally friendly alternatives in the transportation and gas distribution sectors."

He expressed eagerness to unlock Hexagon’s full potential through collaboration with the leadership team, resilient employees, and strategic partners. Dr. Schramm emphasized the importance of working together to confront current energy challenges by leveraging diverse solutions available in today's market.

Dr. Schramm holds a Ph.D. in business administration and a diploma from the Katholische Universität Eichstätt-Ingolstadt in Germany, along with an executive MBA from Harvard Business School. His educational background complements his extensive real-world experience, making him a fitting choice for steering Hexagon Composites through its next phase of growth.

For more details about Hexagon Composites and its innovative solutions in the clean energy field, visit their website at www.hexagongroup.com or follow them on social media.

As the company ushers in this new leadership era, stakeholders and industry watchers will keenly observe how Dr. Schramm's expertise will influence Hexagon's direction in a rapidly evolving energy market.