Oerlikon, Pfäffikon, Schwyz, Switzerland, has appointed Philipp Müller as its new Chief Financial Officer, effective January 2020, and as a member of the company’s Executive Committee. Müller succeeds Jürg Fedier, who will retire at the end of December 2019.
Philipp Müller is said to bring more than fifteen years of financial and strategic experience across multiple industries. Most recently, he led the investor relations functions at Baker Hughes in Houston, Texas, USA. Prior to that, he served as CFO of GE’s oil & gas drilling business from 2014 to 2016. He has also held various financial leadership positions in GE’s industrial businesses, and spent five years on GE’s corporate audit staff, where he advanced to executive audit manager at GE Healthcare.
“Philipp is a leader with extensive financial and international management expertise,” commented Dr Roland Fischer, Oerlikon CEO. “With his strong financial and strategic skills and experience in the capital markets, he is the ideal person to help lead Oerlikon as we grow in the future.”
Speaking on Fedier’s departure from the company, Prof Dr Michael Süss, Chairman of the Board of Directors at Oerlikon, stated, “Jürg has been at the center of Oerlikon’s transformation. With his help, we have refinanced the company, streamlined our portfolio through strategic divestments and achieved strong growth by expanding our business and leveraging our financial capabilities.”
“He has contributed greatly to the company’s management team with his strong business acumen and financial skills. Largely because of his impact, Oerlikon’s profile and financial performance have improved significantly. We will miss him and wish him all the best in his retirement,” he concluded.