DYWIDAG-Systems International announces organizational and leadership changes
- Successful repositioning of DSI Group into two Divisions
- Former Group CEO Patrik Nolåker focuses on non-executive role on DSI Board
- Group CFO Nick Moses takes over as acting CEO of DSI Construction
- Chairman of Board thanks Mr. Patrik Nolåker for his contributions
Luxembourg, September 7th 2016 - The Board of DYWIDAG Systems International Sarl (DSI) has announced changes within the organizational structure and leadership team at DSI today. Patrik Nolåker, who was Group CEO until the initiation of the reorganization of DSI into two separate divisions in March and is currently CEO of DSI Construction, will leave his role by mutual consent with effect as of September 30th. He will remain a member of the DSI Board. Until the appointment of a successor, Nick Moses, Group CFO, will act as CEO of DSI Construction, in addition to his current responsibilities.
“These leadership changes are a direct result of the Group’s reorganization into two separate divisions, DSI Construction and DSI Underground, run by independent operational management teams. This organizational change reflects the successful development of our businesses through profitable growth and accretive acquisitions and will further enhance their operational and strategic focus going forward. On behalf of the Board and Shareholders of DSI, I would like to thank Patrik for leading DSI since shortly after Triton acquired the business in 2011 and for driving the current reorganization to a successful conclusion. We look forward to continuing to work with Patrik in his ongoing responsibility as a DSI Board member” said Matthew Turner, Chairman of the DSI Board.