Louise Öfverström appointed CFO of Power Systems

FRIEDRICHSHAFEN, GERMANY

Louise Öfverström is to become Chief Financial Officer of Power Systems, the Rolls-Royce business unit, from 1 January 2020 and a member of the board with responsibility for finance of Rolls-Royce Power Systems AG. She will be taking over from Wolfgang Widlewski.  

Louise Öfverström, 44, is currently head of Controlling, Accounting & Risk at Thyssenkrupp Steel Europe AG in Duisburg, Germany. In a professional career spanning more than 20 years, she has accumulated considerable experience in finance, control, risk management and business restructuring. Swedish-born and fluent in German and English, Öfverström previously held positions at Swiss chemical company Clariant and in several divisions of the MAN group, as well as at industrial gas group Linde and the professional services group KPMG.  

She studied economic science, specialising in business finance, at Lund University, Sweden, and at the University of Freiburg in Breisgau, Germany, and holds a Master of Science in Business Administration.  

“Louise Öfverström is a highly accomplished finance expert whose experience in global business goes well beyond the financial sphere,” said Axel Arendt, Chairman of the Supervisory Board of Rolls-Royce Power Systems. “She will be a valuable asset to our executive team as it leads the transformation of the Power Systems business unit into a provider of integrated solutions.”