Pursuits
Oerlikon CEO Replaced After Swinging to Full-Year Loss
- Brice Koch leaves after two years at helm of machine maker
- Roland Fischer is third CEO since 2013; hired for new strategy
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OC Oerlikon Corp AG named former Siemens AG manager Roland Fischer as chief executive officer - its third in as many years - to replace Brice Koch after the Swiss maker of textile machinery swung to a loss.
Fischer, who was head of Siemens’s power-and-gas division and starts in his new role immediately, is charged with advancing the company’s “new strategic direction,” the Pfaeffikon, Switzerland-based company said Tuesday in a statement. Oerlikon made a net loss of 418 million Swiss francs ($419 million) compared with a profit of 202 million francs in 2014.