Loescher elected Sulzer chairman

Peter Loescher, Sulzer's new chairman
Peter Loescher, Sulzer's new chairman

Loescher replaces Manfred Wennemer, who resigned at the end of last year for personal reasons.

Loescher is CEO of the recently formed Renova Management AG (RMAG), which will mainly focus on managing Renova Group’s international assets, primarily OC Oerlikon AG and Sulzer AG.