- Gerald Forsythe announced as Chairman of Cosworth
- Dr Florian Kamelger appointed as CEO
- Company set to now concentrate on core expertise of developing and manufacturing world-leading powertrains
- Cosworth has been a world-leader in automotive technology since 1958 now undertaking investments for the next generation of propulsion systems
Northampton 29th May 2024, Cosworth, the global leader in automotive powertrain technologies, has today announced a wholesale change to its leadership team, as it prepares for sustainable growth and further success.
Gerald Forsythe, through one of his company’s Indeck-Cosworth, LLC, one of two Cosworth shareholders, has been appointed Chairman and he has secured the services of leading luxury automotive and motorsport consultancy R-Universe to join him on the leadership team.
Dr Florian Kamelger is appointed as Cosworth’s new CEO and Dr Andreas Baenziger will become Deputy Chairman.Both will join the Company’s Board of Directors.
The new team will now begin a full evaluation of the business with the emphasis on building on its core expertise of developing and manufacturing world-leading powertrains by utilising the talent in Cosworth’s different business units – Cosworth Propulsion, Delta Cosworth and Cosworth Electronics - as well as investing in new technologies to keep the company at the vanguard of automotive propulsion.
Gerald Forsythe, Chairman, Cosworth “After many years as a shareholder of Cosworth I am delighted to take on the role of Chairman. Cosworth is a world-class company, with world-class talent and expertise, and a customer base that is the envy of the industry.
“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. I am convinced that with Florian as our new CEO and Andreas joining me on the board, we have the right leadership team to propel Cosworth to even greater success.
On behalf of the Cosworth family, I’d also like to extend my heartfelt thanks to Hal for his dedicated leadership. We wish him all the best for the future.”
Dr Florian Kamelger, CEO Cosworth “I am hugely excited to be taking on this new challenge. 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.”
Cosworth was founded in 1958 by legendary Lotus engineers Mike Costin and Keith Duckworth. It is headquartered in Northampton UK and has a facility in Indianapolis, USA. Throughout its history it has been at the forefront of innovation, working with global partners 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.
The company includes electrification specialisms – with the Delta Cosworth and Cosworth Electronics divisions – focusing on high-voltage battery development and production as well as hybrid and EV control systems, drivetrains and full vehicle programmes.
For more information, please contact: media@cosworth.com
About Cosworth
Cosworth is a global technology business with over six decades of engineering experience that delivers propulsion, electronics and software solutions for customers in the automotive, aerospace and marine sectors. Whether through hybrid or EV propulsion, data connectivity or automation technology, Cosworth is ready to solve new challenges with mobility solutions of the future. No matter the complexity of the project, Cosworth has the ability to design, develop and manufacture clean sheet solutions from its state-of-the-art facilities.
About R-Universe
R-Universe is a boutique consultancy specialising in the luxury automotive and motorsport industries. R-Universe embodies what the luxury sector should represent: excellence and an extraordinary customer experience. By providing innovative and tailormade approaches, R-Universe connects and aligns its unique, in-depth and long-term expertise in the (U)HNWI markets together with its vision to achieve strategic shareholder goals.
