Angelo Ramalho, current CEO of Efacec Power Solutions (EPS) for the past nine years, will step down on July 31. Christian Klingler will temporarily assume the role of CEO and Chairman of the Board of Directors of Efacec Group.

The current CEO, Angelo Ramalho, has a strong professional background in the energy and mobility sectors. He has worked for companies such as Shell, Gás de Portugal, Galp Energia and Alstom in both B2B (business to business) and B2C (business to consumer) businesses, where he held leadership roles in the areas of distribution, design and development of technologies, products and solutions.

In October 2015, he began his tenure as CEO of Efacec, having ensured the company’s leadership and continuity in three particularly distinct phases and with three different shareholders.

Under his leadership, A., in a period of greatest difficulty and complexity, the company ensured that it maintained its skills, remained attractive to well-known relevant investors, and maintained social peace despite the media environment.

Under his leadership, Efacec faced and overcame one of the biggest challenges in its 75-year history, following the impact of the shareholder crisis.

“Angelo Ramalho’s vision and leadership at the helm of Efacec have been fundamental in keeping the company alive in some of its most challenging moments, enabling it to have a promising future. Your support throughout the transition process, which we are concluding, has been equally fundamental to its success, now that we are starting to see positive operating results,” said Christian Klingler, Chairman of the EPS Board of Directors.

In turn, Angelo Ramalho affirmed that “it has been an honor to serve at Efacec. It has been a path full of many challenges, including a period of great uncertainty and upheaval, which we have been able to overcome together. In doing so, we have become stronger. With the new shareholder, we have created the fundamental conditions for the future of the company. Now is a different time, of new stimuli and new challenges for Efacec and for me.