A global leader in automotive powertrain technologies, Cosworth has announced a wholesale change to its leadership team as it prepares for sustainable growth.
Gerald Forsythe, through one of his company’s Indeck-Cosworth, one of two Cosworth shareholders, has been appointed chairman and he has secured the services of luxury automotive and motorsport consultancy R-Universe to join him on the leadership team.
Dr Florian Kamelger is appointed as Cosworth’s new chief executive and Dr Andreas Baenziger will become deputy chairman, both will join the company’s board of directors.
The new team will begin a full evaluation of the business with the emphasis on building on its core expertise of developing and manufacturing world-leading powertrains by utilising the talent in Cosworth’s different business units – Cosworth Propulsion, Delta Cosworth and Cosworth Electronics – as well as investing in new technologies to keep the company at the forefront of automotive propulsion.
“The shareholders’ commitment to the future of business has never been better, but now is the time to take it to the next level,” says Forsythe.
“We remain convinced that internal combustion engines have a long future, powering cars in the luxury sector – and it is this core sector where we see the most opportunity for sustainable growth.”
Kamelger says changes will be made.
Cosworth was founded in 1958 by Lotus engineers Mike Costin and Keith Duckworth. It is headquartered in Northampton in the United Kingdom and has a facility in Indianapolis, USA.
It has been at the forefront of innovation, working with global partners to deliver cutting edge propulsion and technology systems to automotive, motorsport, aerospace and marine sectors.
Cosworth has also notched up 176 wins as an engine supplier in Formula One, ranking third with most wins behind Ferrari and Mercedes.
The company is developing bespoke V12 engines for Gordon Murray Automotive and Aston Martin, and it has recently announced a partnership with the revitalised Bizzarrini brand.
The company includes electrification specialisms – with the Delta Cosworth and Cosworth Electronics divisions – focusing on high-voltage battery development and production as well as hybrid and EV control systems, drivetrains and full vehicle programmes.
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