Punch Powertrain has appointed Jorge Solis as its new chief executive officer with immediate effect.
Solis also joins the supplier’s board of directors and will direct the company through the next stages of a transformation programme
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“Despite the current industry downturn, Punch Powertrain has major contracts with original equipment manufacturers to fulfil in the near-term and significant potential for future growth,” said Punch Powertrain chairman, Xiong Xuqiang.
“We are very pleased to have secured Jorge Solis as CEO to take this enterprise forward. With nearly three decades of commercial and operational experience gained through diverse roles in the global automotive sector, Jorge’s breadth of industry knowledge, including the specificity of regional markets where Punch Powertrain operates and track-record of strategic business development, combined with his blend of leadership, enterprise turnaround experience and strong fit with our company’s culture stood out among a field of strong candidates considered by the board.
“At this time, I would also like to thank fellow board member, Barend Braaksma, for his interim support as CEO during these last months following the sudden passing away of our former CEO, Cor van Otterloo.
“With the team now able to push forward once again under Jorge’s executive leadership, we anticipate a strong drive to realise higher value for customers while generating increased productivity throughout Punch Powertrain’s diversified operations.”
