Fuchs moves from Sietas to take on P+S Werften CEO position

Mr Fuchs said: “I represent a new start at P+S Werften. It’s my aim to lead P+S Werften to long-term success as a specialist shipbuilder with a clear product profile. My first steps will be to win back the trust of customers, employees and suppliers as well as banks and guarantors in the company, and to work out a truly realistic company concept. To this end, we need a thorough and clear analysis which begins this very day. This will form the basis for a comprehensive restructuring plan which we will present to the European Commission by the end of 2012.”

He continued: “Specialist shipbuilding can only succeed when design and production come from one source. Innovative engineering and a highly-skilled production team are the key to market success. For the successful implementation of specialist vessel construction with single-unit production, we at P+S Werften will further develop the necessary product expertise and cultivate the right relationship between engineering and production.”

Dr Brammertz was chairman of P+S Werften from February 2010 and planned and designed the speedy restructuring of the former Hegemann-Werftengruppe. He masterminded the merger of the shipyards at Stralsund and Wolgast into P+S Werften, and the repositioning of the company as a specialist shipbuilder.

Since 2009 Mr Fuchs was chairman of the board of the Sietas Group and successfully repositioned the Hamburg-based group of companies in high-performance maritime technology in the offshore area. From February 2012 until the sale of the company in June 2012, He acted at the administrator’s appointee. He is scheduled to take over as chairman of P+S Werften from 7 August 2012.