As of August 1, 2011, David Woolley, currently head of Haldex Hydraulic Systems in Europe, will succeed Ian Dugan as President and CEO of Concentric AB, the new company spun out from the former Haldex Hydraulic Systems Division.
David Woolley, 49, has extensive experience of the company's operations, having joined Concentric in 2002 as a member of the group's management team. He was previously head of engine pump operations in the UK and India and is currently in charge of operations in Europe. David brings to his new role 12 years experience in the automotive sector, including Serck Heat Transfer, where he was a member of the buyout team and, subsequently, Alstom and Honeywell where he worked in general management roles.
"The appointment of David Woolley as the new CEO of Concentric ensures a smooth hand-over and continuity, given David's vast experience in successfully running several of the company's operations," says Joakim Olsson, President and CEO of Haldex AB.
David Woolley holds a number of higher level qualifications, including a BSc. Hons. In Metals Technology metallurgy and a Post Graduate Diploma in Management Studies. He succeeds Ian Dugan, who announced earlier this year that he will be leaving the company when a successor had been appointed.