Naval yard executive to head FSG

Philipp Maracke, a member of the management team at German Naval Yards Kiel, is to take over as CEO of Flensburger Schiffbau-Gesellschaft (FSG) from November 2nd. The 40-year-old has wide-ranging experience in the naval shipbuilding sector and is also a procurement expert.

Tennor Holding B.V., a global investment holding company set up by German entrepreneur Lars Windhorst, bought the ailing shipyard in September and plans to turn around its fortunes. A key priority of the management team will be to assess which ship types can be built at FSG efficiently and profitably.

Speaking on behalf of Tennor, board member Stefan Kindler, said: “We are pleased to have found in Philipp Maracke a competent expert for the FSG, someone who is very well networked in the industry. This is an important building block for shaping the future of the shipyard.”

Maracke himself commented: “In the course of its long history, the FSG has repeatedly proven itself to be a pioneer in innovative shipbuilding and thus possesses great technical know-how. I want to build on this foundation and, together with the strong motivated team, create something new.”