Hexagon Composites Announces Dr. Philipp Schramm as New CEO to Drive Innovation

Hexagon Composites Welcomes New Leadership

Hexagon Composites, a recognized leader in clean energy solutions, has officially announced the appointment of Dr. Philipp Schramm as its new Chief Executive Officer, effective January 7, 2025. This development follows the decision of outgoing CEO Jon Erik Engeset to step down earlier this year.

Dr. Schramm arrives at Hexagon with an impressive background in the automotive sector, boasting over 15 years of extensive global experience. He previously held the dual roles of CEO and CFO at Brose, one of the world’s largest family-owned suppliers of automotive components, where he managed a robust workforce of around 32,000 employees across 24 nations. Under his leadership, Brose experienced significant growth, increasing its revenues by approximately 30% since his joining in 2020. Before his tenure at Brose, Dr. Schramm served in various high-level positions at Webasto, another leading automotive supply company. His career initially took off at PricewaterhouseCoopers (PwC), where he specialized in auditing, mergers, acquisitions, and financial restructuring.

Knut Flakk, Chair of the Board at Hexagon Composites, expressed excitement over Dr. Schramm's arrival, stating, "We are thrilled to welcome Philipp to Hexagon. His phenomenal career speaks for itself. He brings a wealth of industry experience and a proven track record of driving success, complemented by a strong focus on values and people."

As a transformative figure, Dr. Schramm aims to leverage Hexagon’s diverse technology portfolio and its substantial stake in Hexagon Purus, which specializes in Renewable Natural Gas, Hydrogen, and Battery Electric Solutions. He emphasized his motivation stating, "I am honored to join Hexagon, a company passionately committed to transforming energy solutions. It’s crucial to utilize all available energy options to address today’s challenges. I look forward to partnering with Hexagon’s leadership and teams to unlock its full potential."

With a strong academic background, 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 expertise in navigating the evolving energy landscape is expected to steer Hexagon Composites toward sustainable innovation and market expansion.

Hexagon Composites is known for delivering innovative and safe solutions that contribute to a cleaner energy future, particularly in transport and industrial applications. With Dr. Schramm at the helm, stakeholders are eager to see how the company will further solidify its position as an industry leader in the transition to sustainable energy solutions.

For additional insights, interested parties can reach out to David Bandele, CFO of Hexagon Composites, or Karen Romer, SVP of Communications, through the company’s official contact methods.

In this transition phase, the industry is keenly watching how Dr. Schramm’s leadership will unfold and what new strategies will emerge under his guidance to propel Hexagon Composites into the next chapter of its remarkable journey.