PSG announces change in corporate organizational structure

Pump Solutions Group (PSG), an operating company within Dover Corporation (NYSE: DOV) and a global leader in the manufacture of industrial pumps and related flow control technologies, is proud to announce a number of changes within its corporate organizational structure that are designed to meet future demands of scale, accountability and growth, both organic and acquired. Effective immediately, PSG will now be geographically structured within three main regions of the world, including the Americas; Europe, Middle East and Africa (EMEA); and Asia. To lead this new structure, PSG has promoted the following professionals to manage all operational and commercial functions within the newly created regional structure:• PSG EMEA: Ueli Thuerig, previously President of PSG Europe, will serve as the new President of PSG EMEA

• PSG Americas: Karl Buscher, previously Senior Vice President, PSG Commercial, will serve as the new President of PSG Americas

• PSG Asia: David Wang, previously Vice President of Sales and Business Development, Asia-Pacific, will serve as the new President of PSG Asia

Despite the restructuring, PSG’s “Go to Market” strategy will continue to be based on satisfying the needs of its customers within its core vertical market segments, including Energy, Chemical, Hygienic and Polymers. In addition, certain internal functions, such as human resources, marketing, mergers and acquisitions, etc., will continue to support all regional areas from a global perspective.

“To continue to grow and expand, and meet our goal of becoming a $1 billion-plus flow-control solutions platform, PSG’s organizational structure needs to evolve and transform itself to effectively manage future scale and growth,” said Dean Douglas, PSG President. “As we move forward, I am confident this structure will enhance our speed of business, response time and the decision-making process within each region to better serve our business partners and customers. The decision to create a regionally focused corporate structure will serve to make us more competitive globally while also helping foster customer intimacy and positioning our brands locally within the specific regions.”

www.psgdover.com

 

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