Uster Technologies is to have a new Chief Executive. At his own request, the current CEO, Dr. Geoffrey Scott, will take early retirement and will be succeeded by Mr. Thomas Nasiou, currently the company’s Head of Textile Technology. He will take over on April 1, 2016.
Dr. Scott says: “Since the formation of Uster Technologies in 2003 following the first Management Buyout, we have been through some exciting and challenging times, including being publicly listed on the Swiss SIX Exchange, managing through the financial crisis, the investment and subsequent takeover by Toyota Industries and, most recently, the successful acquisition of Jossi Systems. We have developed a profound focus on the needs of our customers. We are committed to providing the best solutions to help our customers with the many challenges they face in today’s demanding market environment. The work has been enjoyable, but demanding. It is time to slow down a little and to spend more time with my family. It is the right time to step back from the CEO role and hand over the leadership role to a ‘new set of hands’.”
Dr. Scott will continue to provide support to the company and to the USTER management in future as a member of the Board of Directors.
As Head of Textile Technology and a member of the Executive Board, Mr. Thomas Nasiou has extensive experience in the textile industry, with USTER’s customers, markets and the company. His experience has been gained working through the value chain from cotton farming, ginning and spinning and through various roles in USTER. He has a detailed understanding of the needs of modern textile manufacturers.
“This background makes him uniquely qualified to take the next step as CEO”, says Dr. Scott: “Thomas Nasiou’s deep textile expertise, knowledge and commitment to USTER and its long term strategy will ensure continuity and stability of the USTER business.”
From 1995 until 2006, Mr. Thomas Nasiou worked as a mill manager and head of quality control at Selected Textiles SA, in Farsala, Greece. His special responsibilities covered customer support, optimization of production cost and quality, raw material management and liaison with cotton ginning firms. This diverse skillset was the foundation of his expertise in quality-minded spinning.
Mr. Nasiou joined USTER in 2006 as a Textile Technologist. In 2011, he was promoted to Head of Textile Technology and became a member of the USTER Executive Board. In 2014, he became member of the Spinners’ Committee of the International Textile Machinery Federation.
Mr. Nasiou, who holds an MBA from H.M.A. (Hellenic Management Association) in Larissa, Greece, says: “Learning is important for me. That means learning from the customers, our collaborators and our colleagues. Only by applying that knowledge can I help our company to remain focused on ‘Think Quality’ and remain successful developing solutions that create value”.