{"id":4990,"date":"2022-04-10T14:05:59","date_gmt":"2022-04-10T08:35:59","guid":{"rendered":"https:\/\/timesofpowerandvoice.com\/?p=4990"},"modified":"2022-04-10T14:06:05","modified_gmt":"2022-04-10T08:36:05","slug":"vitesco-technologies-plans-organizational-changes-to-sharpen-focus-on-electrification","status":"publish","type":"post","link":"https:\/\/timesofpowerandvoice.com\/?p=4990","title":{"rendered":"<strong>Vitesco&nbsp;Technologies&nbsp;plans&nbsp;organizational&nbsp;changes to&nbsp;sharpen&nbsp;focus&nbsp;on&nbsp;electrification<\/strong>"},"content":{"rendered":"\n<ul class=\"wp-block-list\"><li>\u00a0<strong>Supervisory Board approves organizational changes slated\u00a0to\u00a0take effect\u00a0at the\u00a0beginning\u00a0of\u00a0202<\/strong><\/li><li><strong>Plans envisage a reorganization in two divisions with a clear focus on the electrification busines<\/strong><\/li><li><strong>Objectives:\u00a0a\u00a0fast and\u00a0flexible response\u00a0to\u00a0market challenges, optimum resource utilization,\u00a0and\u00a0a\u00a0consistently sustainable\u00a0approach<\/strong><\/li><\/ul>\n\n\n\n<p>Pune (P&amp;V News Service): Vitesco Technologies, a leading international provider of innovative drive technologies and solutions for electric mobility, intends to become even more powerful in organizational terms. At its meeting today, the Supervisory Board approved the company\u2019s plans to bring together its four current business units &#8211; Electronic Controls, Electrification Technology, Sensing &amp; Actuation, and Contract Manufacturing \u2013 into two completely reorganized units: the future divisions \u201cPowertrain Solutions\u201d and \u201cElectrification Solutions\u201d.<\/p>\n\n\n\n<p>Through these organizational changes, which are slated to take effect on January 1, 2023, Vitesco Technologies is aiming to further sharpen its strategic focus on powertrain electrification, in order to boost the effectiveness, efficiency, and flexibility of its operations in the market for sustainable mobility technologies. The clear focus on growth and value creation associated with the reorganization also creates a more transparent structure, enables even better use of resources in line with ongoing and accelerating change, and takes account of the company&#8217;s ambitious sustainability agenda.<\/p>\n\n\n\n<p>\u201cVitesco Technologies is aiming to become a global powerhouse in the field of electrification. Recent incoming orders have endorsed our consistent approach in this respect,\u201d says Andreas Wolf, CEO of Vitesco Technologies. \u201cThe planned organizational changes are a logical next step in the context of the objectives we defined in our DIRECTION 2030 strategy. We are convinced that the two strong divisions we are creating through these structural changes will be able to react faster and more efficiently to the challenges of the marketplace. The new structures will not only provide us with the perfect opportunity to ensure both, growth and add value, at Vitesco Technologies, they will also help safeguard our competitiveness.\u201d<\/p>\n\n\n\n<p>With well over ten years of experience in the development and manufacture of electric drive systems, the company has focused on electromobility as early and decisively as almost no other automotive supplier. Vitesco Technologies already set the course for a clear electrification strategy in 2019. The stock market listing followed on September 16, 2021, and the company was admitted to the SDAX at the end of the year.<\/p>\n\n\n\n<p>\u201cThe planned organizational changes&nbsp;are&nbsp;designed&nbsp;to&nbsp;let&nbsp;us&nbsp;make&nbsp;targeted&nbsp;use of&nbsp;our&nbsp;resources and enable closer collaboration between&nbsp;our&nbsp;experts,\u201d&nbsp;says Ingo&nbsp;Holstein,&nbsp;CHRO&nbsp;of Vitesco Technologies. \u201cThis&nbsp;is not&nbsp;a&nbsp;case of restructuring designed&nbsp;to&nbsp;reduce the&nbsp;size&nbsp;of the workforce.&nbsp;On&nbsp;the contrary, this&nbsp;is&nbsp;all&nbsp;about&nbsp;positioning Vitesco Technologies with its expertise and its people&nbsp;in&nbsp;the&nbsp;best&nbsp;possible&nbsp;way&nbsp;to&nbsp;meet&nbsp;the&nbsp;requirements&nbsp;of&nbsp;the&nbsp;future.\u201d<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0Supervisory Board approves organizational changes slated\u00a0to\u00a0take effect\u00a0at the\u00a0beginning\u00a0of\u00a0202 Plans envisage a reorganization in two divisions with a clear focus on the electrification busines Objectives:\u00a0a\u00a0fast and\u00a0flexible response\u00a0to\u00a0market challenges, optimum resource utilization,\u00a0and\u00a0a\u00a0consistently sustainable\u00a0approach Pune (P&amp;V News Service): Vitesco Technologies, a leading international provider of innovative drive technologies and solutions for electric mobility, intends to become even more [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4991,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-4990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/posts\/4990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4990"}],"version-history":[{"count":1,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/posts\/4990\/revisions"}],"predecessor-version":[{"id":4992,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/posts\/4990\/revisions\/4992"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/media\/4991"}],"wp:attachment":[{"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}