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Vitesco Technologies, a leading international provider of innovative drive technologies and solutions for electric mobility, intends to become even more powerful in organizational terms. At its meeting today, the Supervisory Board approved the company’s plans to bring together its four current business units – Electronic Controls, Electrification Technology, Sensing & Actuation, and Contract Manufacturing – into two completely reorganized units: the future divisions “Powertrain Solutions” and “Electrification Solutions”.
Through these organizational changes, which are slated to take effect on January 1, 2023, Vitesco Technologies is aiming to further sharpen its strategic focus on powertrain electrification, in order to boost the effectiveness, efficiency, and flexibility of its operations in the market for sustainable mobility technologies. The clear focus on growth and value creation associated with the reorganization also creates a more transparent structure, enables even better use of resources in line with ongoing and accelerating change, and takes account of the company’s ambitious sustainability agenda.
“Vitesco Technologies is aiming to become a global powerhouse in the field of electrification. Recent incoming orders have endorsed our consistent approach in this respect,” says Andreas Wolf, CEO of Vitesco Technologies. “The planned organizational changes are a logical next step in the context of the objectives we defined in our DIRECTION 2030 strategy. We are convinced that the two strong divisions we are creating through these structural changes will be able to react faster and more efficiently to the challenges of the marketplace. The new structures will not only provide us with the
anges are designed to let us make targeted use of our resources and enable closer collaboration between our experts,” says Ingo Holstein, CHRO of Vitesco Technologies. “This is not a case of restructuring designed to reduce the size of the workforce. On the contrary, this is all about positioning Vitesco Technologies with its expertise and its people in the best possible way to meet the requirements of the future.”
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