Rockford, IL. – David Woolley, currently head of Haldex Hydraulic Systems (HHS) in Europe, is to take over from Ian Dugan as President and CEO of Concentric AB, the new company spun off from the former Haldex Hydraulic Systems Division.

Woolley joined Concentric in 2002 as a member of the group’s management team. Before taking over HHS in Europe, he was head of engine pump operations in the UK and India. Woolley has 12 years experience in the automotive sector, having previously been with Serck Heat Transfer as part of the buyout team.