Louise Öfverström appointed CFO of Power Systems

Louise Öfverström is to become Chief Financial Officer of Power Systems, the Rolls-Royce business unit, from 1 January 2020 and a member of the board with responsibility for finance of Rolls-Royce Power Systems AG. She will be taking over from Wolfgang Widlewski.

Louise Öfverström, 44, is currently head of Controlling, Accounting & Risk at Thyssenkrupp Steel Europe AG in Duisburg, Germany. In a professional career spanning more than 20 years, she has accumulated considerable experience in finance, control, risk management and business restructuring. Swedish-born and fluent in German and English, Öfverström previously held positions at Swiss chemical company Clariant and in several divisions of the MAN group, as well as at industrial gas group Linde and the professional services group KPMG.

She studied economic science, specialising in business finance, at Lund University, Sweden, and at the University of Freiburg in Breisgau, Germany, and holds a Master of Science in Business Administration.

“Louise Öfverström is a highly accomplished finance expert whose experience in global business goes well beyond the financial sphere,” said Axel Arendt, Chairman of the Supervisory Board of Rolls-Royce Power Systems. “She will be a valuable asset to our executive team as it leads the transformation of the Power Systems business unit into a provider of integrated solutions.”

Press photos are available for download from www.rrpowersystems.com/press

Read more about Rolls-Royce power generation based on medium-speed engines at www.rolls-royce.com/bergen

About Rolls-Royce Holdings plc

  1. Rolls-Royce pioneers cutting-edge technologies that deliver clean, safe and competitive solutions to meet our planet’s vital power needs.
  2. Rolls-Royce Power Systems is headquartered in Friedrichshafen in southern Germany and employs around 11,000 people. The product portfolio includes MTU-brand high-speed engines and propulsion systems for ships, power generation, heavy land, rail and defence vehicles and for the oil and gas industry. Under the MTU Onsite Energy brand, the company markets diesel and gas systems and battery containers for mission critical, standby and continuous power, combined generation of heat and power, and microgrids. Medium-speed engines from Bergen power ships and power generation applications.
  3. Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces, 70 navies, and more than 5,000 power and nuclear customers.
  4. Annual underlying revenue was £15 billion in 2018, around half of which came from the provision of aftermarket services.
  5. In 2018, Rolls-Royce invested £1.4 billion on research and development. We also support a global network of 29 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.
  6. The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills.

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