Former Siemens CEO proposed as new Sulzer chairman

He would replace Manfred Wennemer, who resigned at the end of last year for personal reasons.

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

Renova Group holds a 31.2% stake in Sulzer.