Olaf Bongwald becomes CEO at Valmet
Finland - Valmet Automotive´s board of directors has appointed Olaf Bongwald as chief executive officer, effective from July, 2018.
Olaf Bongwald joins the Uusikaupunki-based contract manufacturer from American Axle where he has acted as Driveline Europe president.
Previously, Bongwald held held several senior business leadership positions at Magna during a 17-year career there. Most recently he was responsible for Magna Electronics and among the senior leadership team of Magna Powertrain.
The appointment of Bongwald, Valmet said, was a reflection of the company’s updated strategy to expand its business portfolio into electrified vehicles and battery solutions as well growing the business in central Europe.
Bongwald will operate from his office in Germany, Valmet said, allowing him to spend significant time with customers and to participate in business development activities in central Europe.