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Management succession at Uster Technologies Ltd
26
Apr '11
Richard Furter, Head of Textile Technology and member of the Executive Committee of Uster Technologies Ltd, has expressed his desire to take retirement at the end of 2011. Thomas Nasiou has been appointed as his successor. He is currently working at Uster Technologies in the dual role of Product Manager and as Head of Marketing in China and will assume his new role on June 1, 2011.

Richard Furter (67) has expressed his desire to retire after 44 years of service in Uster Technologies Ltd and the former Zellweger Uster AG. CEO Geoffrey Scott commented: “We will be sorry to see Richard leave. He is a deeply respected member of the Uster team, both inside the company and within the industry. In his time with the Uster Group, he has held management positions in various areas of the company, including Marketing, Business Development and Research & Development as well as leading our Textile Technology team for the past 13 years.

Richard has made a significant contribution to the development of the Company over the years. He has been a valued colleague and provided great friendship, counsel and advice to me in my time with the company as well as supporting me through the two MBO's and the successful completion of the IPO. Our Board of Directors and the whole management team thank him for his invaluable service and unwavering dedication to the company.” Richard Furter will be retained by the company on a consultancy basis.

The Company initiated an early selection process and has promoted Thomas Nasiou to the position as the new Head of Textile Technology and member of the Executive Committee. He will assume the role on June 1, 2011, allowing for a planned handover of responsibilities prior to Richard Furter's retirement at the end of the year. Richard Furter commented: “Thomas Nasiou joined Uster Technologies Ltd in 2006 as a Textile Technologist and has also held positions in Product Management and most recently as Head of Marketing in China.

He has extensive experience within the textile industry and his knowledge of the market, customers and applications expertise is respected and admired within the Company and in the industry. I am very happy with his appointment as my successor and am satisfied that I am handing over responsibility to a very able colleague.” Thomas Nasiou is a qualified Textile Technologist and holds an MBA. He has had a broad and progressive career in the textile industry, holding key senior management positions, including Mill Manager and Quality Control Manager at Selected Textiles in Greece, as well as positions in R&D and Technical Support at Viachrom Dyestuffs SA in Greece.

The Uster Group is the leading high technology instrument manufacturer of products for quality measurement and certification for the textile industry. The Group provides testing and monitoring instruments, systems and services that allow optimization of quality through each individual stage of textile production; from the raw textile fiber, such as cotton, wool or synthetic filament yarns, to the final finished fabric. The Uster Group provides benchmarks that are a basis for the trading of textile products at assured levels of quality across global markets.

Uster Technologies Ltd

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