The Board of Directors of Cavotec SA have announced that Mikael Norin has been appointed CEO of the Cavotec Group.
Norin will assume full responsibility as CEO on July 1, 2017, at the company's headquarters in Lugano, Switzerland.
He will replace Ottonel Popesco, who will continue to serve on the board of Cavotec SA as a non-executive director and support other strategic assignments.
Most recently, Norin served as President, Rolls-Royce Marine Services, the division of the Rolls-Royce group offering after-market services and parts to the group's marine and navy customers around the world.
Marine Services is based in Singapore and has operations in 35 countries employing approximately 2,500 people.
Prior to this, he was President of Recall Americas, a division of Brambles Ltd, a global industrial services group based in Sydney, Australia.
Before joining Recall, Norin spent 14 years with global engineering group ABB in increasingly senior executive roles based in Asia and Europe, culminating as SVP and head of the group's Power Systems division based in Sweden.
Stefan Widegren, Chairman of the Board, said: “The Board of Directors of Cavotec is very pleased that Mikael has agreed to take on the challenging and exciting task of leading Cavotec with focus on leading the work of implementing our new strategic plan.
“While Ottonel is not leaving Cavotec, I would like to take this opportunity to express my and my fellow board members' sincere thanks and gratitude to Ottonel who, for the past three decades, has been a valued executive in building the Cavotec Group into what it is today. Personally, I would also like to thank him for his courage and commitment in facilitating this important generational change for Group.”
Norin, who currently works as a board director and corporate advisor for a number of companies around the world, said: “I'm very excited about my next role as CEO of Cavotec. The strong position in the market and the quality reputation that Cavotec enjoys is a great foundation on which to build.”
Having lived in Europe, Asia and North America, Norin has experience in leading large global organisations in highly competitive industries.
Norin is a native of Sweden, has engineering training and he attended Lund University and obtained a B.Sc. in Business Administration and Economics with a specialisation in International Business.
Cavotec was recently awarded orders reaching US$10.6 million for its marine propulsion, shore power supply, and crane electrification systems, highlighting the group's pivotal position in the global ports and maritime segment. It also recently announced a new strategic plan and new organisational structure.
Image: Mikael Norin