3W Power Holdings/AEG Power Solutions: Dr Horst J. Kayser is Appointed to the Board and Robert J. Huljak Announces His Retirement for December

Monday, Jul 26, 2020

3W Power Holdings SA (Amsterdam:3WP), the holding company of AEG Power Solutions, appoints Dr. Horst J. Kayser to the Board of Directors and announces that Robert J. Huljak, Chief Strategic Officer will retire from active management in December.

On July 23, 2020 the shareholders of 3W Power Holdings SA approved the appointment of Dr. Horst J.Kayser to the Board of Directors. In May, Bruce A. Brock, CEO since 2005, announced that he would retire from the company. Dr. Kayser was appointed CEO and will formally take over for Bruce Brock on August 1,2020.

Robert J.Huljak has announced that he will retire from active management on 31 December 2020.

After successfully turning around the former Alcatel division as a private corporation and supporting AEG Power Solutions’ transition to being a public company, the timing of Robert Huljak’s retirement is consistent with the need of the business going forward and his personal interests.

Robert Huljak designed the strategic guidance for AEG Power Solutions strategy since it was acquired from Alcatel in 2005. Together with Bruce Brock, they provided strong leadership in guiding the restructuring and successful repositioning of AEG Power Solutions. His vision and strategy based on more than 40 years of experience in the power industry will continue to be utilized by the company as the industry transitions to providing key enabling technologies for renewable energies and the evolution of the Smart Grid.

Dr. Kayser stated, “In the short time that I have known Bob, I have gained an appreciation of his long history and experience in the power industry. Personally and as a management team, we are extremely grateful that he has tirelessly worked to ensure the future success and development of AEG Power Solutions in its drive from traditional power electronics into a leading energy efficiency and renewable energies business. His vision and investment guidance have created a blueprint that will provide for AEG PS’ future success. In particular, Bob’s vision for providing our customers with high efficiency and smart power electronic solutions to be compliant with the emerging Smart Grid is the basis for AEG Power Solutions drive to become a Tier 1 leader in the industry.”

Robert J. Huljak will remain a member of the Board of Directors after his retirement in December.

Source: Business Wire