Deutz subsidiary Torqeedo, which makes marine electric drives, is re-structuring its management team, which in future will comprise Dr. Ralf Plieninger and Dr. Michael Rummel. Founder and chief executive officer Dr. Christoph Ballin is moving to the Advisory Board where he and Dr. Frank Hiller, chief executive officer of Deutz AG, will continue to advise and support the company.
Dr. Plieninger has been with Torqeedo since 2012. His role within the new Torqeedo management team will involve taking charge of all technical matters, including research and development, procurement, quality, and production. He will also oversee Torqeedo’s operational structures and processes and be responsible for their continuous optimization.
Dr. Rummel joined Torqeedo as a managing director in November 2019 and is responsible for finance, reporting, and business performance, with a focus on improving profitability. Going forward, he will also take charge of sales, service, marketing, human resources, information technology, and the international subsidiaries.
Torqeedo currently offers electric and hybrid drives with power outputs of between 0.5 and 100 kW for commercial applications and leisure use. All Torqeedo drives share an uncompromising focus on high-tech, maximum efficiency, and full systems integration.
“As the founder of Torqeedo, Christoph Ballin has been a pioneer in the field of electric drive systems. He built up Torqeedo and played a major role in the integration of the company into the Deutz Group following its acquisition in 2017. We would like to thank him for everything he has done for Torqeedo and, consequently, for DEUTZ. We are delighted that he will continue to assist us in his capacity as a member of the Advisory Board,” said Dr. Frank Hiller.
Dr. Ballin’s move to the Advisory Board means that he will be able to devote time to new roles outside Torqeedo in the future, said Deutz.