Green Hydrogen Systems Appoints René Umlauft as New CEO Amid Strategic Shift

On October 30, the Board of Directors of Green Hydrogen Systems announced the appointment of René Umlauft as Chief Executive Officer, effective November 1, 2024. Umlauft will succeed Peter Friis, who will be departing the company.

Thomas Broe-Andersen, Chairman of the Board, acknowledged that the third quarter presented significant challenges for Green Hydrogen Systems, creating a need for a revised strategy aimed at securing a sustainable and profitable future. Broe-Andersen expressed gratitude for Friis’s contributions since 2023, noting that the Board agreed on the necessity of appointing a new leader to guide the company’s turnaround initiatives. He highlighted Umlauft’s expertise in complex green transition industries and his experience in business transformation and restructuring as key qualifications for the role, adding that the Board sees Umlauft as integral to establishing a robust foundation for the company’s future.

René Umlauft conveyed his eagerness to step into the CEO position at Green Hydrogen Systems, noting that he looks forward to utilizing his extensive leadership experience to help navigate the company’s current challenges. Umlauft stated that he believes recent strategic choices by the Board have positioned the company well for growth and that he is eager to work with his new team to support Green Hydrogen Systems’ role in the clean technology sector.

Holding a Ph.D. in engineering, Umlauft has previously served as Managing Director and CSO at Rittal and as CEO at MAN Diesel and Siemens Renewable Energy, bringing substantial expertise in both business transformation and restructuring.

Moving forward, the Executive Management team at Green Hydrogen Systems will consist of CEO René Umlauft and CFO Michael Kaalund.

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