Tecan establishes a new regional entity, Tecan Europe
Tecan, a leading player in the Life Sciences supply industry, today announced the establishment of a new regional entity, Tecan Europe. The creation of this new pan-European entity, which includes Tecan"s combined European operations, completes the organisation of Tecan"s sales and distribution activities into four distinct regions: Europe, United States, Asia and the Rest of the World. Effective December 1st 2002, Franz Rutzer will become Chief Financial and Operating Officer of Tecan Europe, Tecan"s second largest region with sales of CHF 140 million in 2001. Dr Rudolf Eugster has been appointed as Chief Financial Officer of the Tecan Group Ltd. to replace Franz Rutzer.
"The establishment of Tecan Europe will allow us to increase synergies among our various European subsidiaries and to integrate this region into one entity. In his new role at Tecan Europe, Franz Rutzer brings with him in-depth knowledge of Tecan that will be extremely useful as we pursue our business consolidation in Europe," said Emile Sutcliffe, CEO of the Tecan Group. "On a group level, Franz Rutzer will continue to head our information systems/ information technology (IS/IT) activities and will also retain responsibility for Tecan Trading, our global order processing unit."
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