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Posted October 21, 2015
USTER, Switzerland – Uster Technologies announced that a new CEO will be in place by April 2016 following the announced retirement by current CEO Dr. Geoffrey Scott.
At his own request, Scott said he will take early retirement and Thomas Nasiou, currently the company’s head of Textile Technology, will succeed him.
Scott to retire as Uster CEO; Nasiou to succeed
People
On the move
Uster said this succession plan was in place whenever Scott decided to retire.
Uster Technologies will have a new CEO, in a carefully planned and phased handover by April 2016, the industry supplier announced.
“Since the formation of Uster Technologies in 2003 following the first management buyout, we have been through some exciting and challenging times, including being publicly listed on the Swiss SIX Exchange, managing through the financial crisis, the investment and subsequent takeover by Toyota Industries and most recently the successful acquisition of Jossi Systems,” said Scott, who served as CEO for 16 years. “We have developed a profound focus on the needs of our customers. We are committed to providing the best solutions to help our customers with the many challenges they face in today’s demanding market environment.
“The work has been enjoyable but demanding,” he continued. “It is time to slow down a little and to spend more time with my family. It is the right time to step back from the CEO role and hand over the leadership role to a new set of hands. And I believe that now is an optimal time from the viewpoint of both the company and our customers. We have the ideal successor here already, so we can work towards a seamless transition for the future sustainability of the business.”
Thomas Nasiou
Scott will continue to provide support to the company and to Uster management in the future as a member of the board of directors.
New CEO an in-house appointee
As head of Textile Technology and a member of the Executive Board, Nasiou has extensive experience of the textile industry, with Uster’s customers, markets and the company. His experience has been gained working through the value chain from cotton farming, ginning, and spinning and through various roles in Uster. He has a detailed understanding of the needs of modern textile manufacturers, the company said.
“This background makes him uniquely qualified to take the next step as CEO,” Scott said. “Thomas’ deep textile expertise, knowledge and commitment to Uster and its long-term strategy will ensure continuity and stability of the Uster business.”
From 1995 until 2006, Nasiou worked as a mill manager and head of quality control at Selected Textiles SA in Farsala, Greece. His special responsibilities covered customer support, optimization of production cost and quality, raw material management and liaison with cotton ginning firms.
Nasiou joined Uster in 2006 as a textile technologist. In 2011, he was promoted to his current position and became a member of the Uster Executive Board. In 2014, he became member of the Spinners’ Committee of the International Textile Machinery Federation.
Nasiou holds an MBA from H.M.A. (Hellenic Management Association) in Larissa, Greece.
“Learning is important for me. That means learning from the customers, our collaborators and our colleagues, he said. “Only by applying that knowledge can I help our company to remain focused on ‘Think Quality’ and remain successful developing solutions that create value.”
Nasiou was born in 1970 and is a Greek citizen. He has lived in Switzerland since 2006.
Source: Uster Technologies