JSE-listed Altron says Norbert Claussen, Powertech CEO, has resigned and will leave the company and relinquish his position on the Altron board at the end of June.
Altron, which is due to publish its results next week, owns all of Powertech, which supplies technology for the electricity sector.
Altron CEO Robert Venter says he has worked closely with Claussen for over 16 years. “I consider him to be more than a business colleague, and wish to thank him for the considerable contribution he has made to Powertech and the greater Altron group.”
Claussen joined the Altron group in 1996 as CEO of Willard Batteries, when Venter was CEO of Powertech. Willard Batteries rapidly expanded to become the Powertech Battery Group, comprising Willard Batteries, Dynamic Batteries, SABAT Batteries and Battery Technologies.
In March 2001, Claussen was appointed Powertech CEO. He guided Powertech through exceptional times between 2006 and 2008 when it was the largest contributor to the Altron group.
“After many years in a corporate environment, I am taking the opportunity to become a shareholder in a smaller private business unrelated to the power electronics industry. I have enjoyed over two decades in the corporate arena, the majority being at the Altron group, and will miss my interactions with Altron and its stakeholders,” says Claussen.
An announcement regarding Claussen’s successor will be made in due course after consideration of both internal and external candidates.