•    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.

 “I’m really looking forward to my new role. CIMOS has already established itself as a reliable supplier to major car manufacturers and has the potential to reclaim top spot in the European automotive industry,” said Gerd Rosendahl.

CIMOS currently supplies numerous car manufacturers – including Audi, BMW, Ford and PSA/Citroën – with chassis and powertrain components, with the lion’s share of its sales – some EUR 340 million – coming from components for turbochargers. Customers in this segment include Honeywell Turbo Technologies, Bosch Mahle Turbo Systems and Borg Warner Turbo Systems, making CIMOS one of Europe’s largest manufacturers of turbocharger components. Furthermore, CIMOS is one of the biggest companies in Slovenia and accounts for around one per cent of the country’s gross domestic product.

Gerd Rosendahl is also well known as a former handball player at VfL Gummersbach and was a member of the German World Cup winning team in 1978. Rosendahl is married and has three grown-up children.

Dr Janez Gradisek, who took over as CEO on an interim basis, will concentrate on his duties as Chief Technology Officer (CTO).

About CIMOS

CIMOS was formed in 1972 as a joint venture between Citroën and the Slovenian automotive manufacturers Iskra and Tomos. During the 1980s, CIMOS established itself as a supplier of the European automotive industry. Following Slovenia’s independence, it was converted into a public liability company. In the course of the financial crisis beginning in 2008, the company experienced economic difficulties, which were overcome in the course of a far-reaching restructuring programme and as part of a self-administered insolvency scheme. Since the beginning of 2015, the company – which has 16 production sites in Slovenia, Croatia, Bosnia-Herzegovina and Serbia – has once again been making a profit. In 2014, the company generated sales of EUR 340 million and employed around 5,800 staff.

CIMOS is currently owned by a consortium of banks and the Slovenian state, although the process of privatisation was recently initiated. As part of its growth offensive, CIMOS has invested in the development of new products over the past few months. The main driver for growth remains the increasingly widespread use of turbochargers, which are indispensable in light of engine downsizing and the resulting falls in fuel consumption. In addition, CIMOS already has numerous lightweight chassis, brake and powertrain components in the development stage, some of which are ready for series production. Since August 2014, the Supervisory Board has been headed by former Porsche CFO Walter Gnauert and Dr Peter Stehle, who most recently served as a Director of the Freudenberg Group.

For more information and to download photos, please go to www.cimos.eu

Media contact:

Nataša K. Hrabar                            
CIMOS d.d.                                
Tel. +386 (0)566 58470                        
natasa.kocjancic@cimos.eu                 

Volker Siegert
Cortent Kommunikation
Tel. +49 (0)69 5770 30011
volker.siegert@cortent.de