Section: Cimos

Gerd Rosendahl appointed as new CEO of CIMOS

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<p>Gerd Rosendahl CEO CIMOS</p>

•    Assumes role on 1 July 2015 •    Many years of experience in the automotive industry /INS. Gerd Rosendahl (58) has been appointed as the new Chief Executive Officer of CIMOS dd, headquartered in the Slovenian town of Koper, as of 1 July 2015. His most recent role was Managing Director/President of Fischer Automotive in the US, having already gained decades of experience in the automotive supply industry, including spells at ISE Innomotive Systems Europe and Dura Automotive. As the new CEO of CIMOS, Gerd Rosendahl will drive forward the expansion of the company’s European business. Having successfully completed restructuring work as part of self-administered insolvency proceedings, CIMOS recently unveiled plans for a growth offensive.

Slovenian automotive supplier CIMOS with growth offensive

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<p>CIMOS logo</p>

•    Turbocharger- and light metal components to drive forward business following completion of self-administered insolvency schem •    CIMOS reaching net profit in Quarter I of 2015 /INS. Slovenian automotive supplier CIMOS, headquartered in Koper, is back again to generate strong growth in its European markets. The announcement was made by the company after the official completion of its self-administered insolvency proceedings. The financial and operational restructuring process began in May 2014 and improvements continue to be made. In Quarter I of 2015 CIMOS has already reached Net profit and Management expects sales and profitability to be in line with plan in 2015.