WHOLESALE change at leadership level is taking place at automotive powertrain company Cosworth.
Long-time shareholder Gerald Forsythe, through one of his company’s Indeck-Cosworth, LLC – one of two Cosworth shareholders – has become chairman and has secured the services of luxury automotive and motorsport consultancy R-Universe to join the leadership team.
Dr Florian Kamelger has been appointed as Cosworth’s new chief executive and Dr Andreas Baenziger becomes deputy chairman. Both will join the company’s board of directors.
A full evaluation of the Northampton-based business is now under way, focusing on its core expertise of developing and manufacturing world-leading powertrains in Cosworth’s different business units – Cosworth Propulsion, Delta Cosworth and Cosworth Electronics – and investing in new technologies.
“Cosworth is a world-class company, with world-class talent and expertise and a customer base that is the envy of the industry,” said Gerald. “The shareholders’ commitment to the future of business has never been better but now is the time to take it to the next level.
“We remain convinced that internal combustion engines have a long future, powering cars in the luxury sector – and it is this core sector where we see the most opportunity for sustainable growth. This is one of the many reasons why we have sought the unparalleled expertise of R-Universe.”
He paid particular tribute to departing chief executive Hal Reisiger, who has retired after 11 years at the helm of Cosworth. “We wish him all the best for the future.”
Cosworth was founded in 1958 by Lotus engineers Mike Costin and Keith Duckworth. Its headquarters remain in Northampton with a facility in Indianapolis, USA. Throughout its history it has worked with partners worldwide to deliver cutting-edge propulsion and technology systems to automotive, motorsport, aerospace and marine sectors.
It has also notched up 176 wins as an engine supplier in Formula One, ranking third with most wins behind Ferrari and Mercedes.
Cosworth is currently developing bespoke V12 engines for Gordon Murray Automotive and Aston Martin, and it has recently announced a partnership with the revitalised Bizzarrini brand. Its Delta Cosworth and Cosworth Electronics divisions focus on high-voltage battery development and production, hybrid and EV control systems, drivetrains and full vehicle programmes.
Incoming chief executive Dr Florian Kamelger said: “Cosworth is an illustrious brand that I have always admired and it is an honour to be asked to lead a team of such outstanding talent, preparing the business for an exciting future.
“There will be changes that we have to make, as Cosworth has seen many in its 66-year history. Every time it has emerged stronger, fitter and at the forefront of automotive technology. It deserves to be seen as a true global luxury automotive brand and the entire team will be working tirelessly to achieve that.”
