Concentric AB: Mark Rimkus Appointed Vice President Sales at Concentric Itasca Inc.

Regulatory News:

Concentric AB (STO:COIC) has appointed Mark Rimkus Vice President Sales at its plant in Itasca Illinois, which manufactures oil, coolant and fuel pumps for the truck, bus and off-highway sectors, mostly in the USA.

In the last 5 years, Mark has worked for ITW, most recently in the position of Global Sales and Technical Manager for Fuel Products. At ITW, he previously held a Business Unit Manager position for the Deltar Release and Trim product line and has also led the product development team. Prior to joining ITW, Mark worked for companies including UGN, (a JV of RIETER, now Autoneum), Peer Bearing Company, Dana Corporation, Senior Automotive Corp and General Motors.

David Woolley, President and CEO of Concentric AB commented: "Mark brings a breadth of experience across the automotive and commercial vehicle market which spans strategy and sales leadership; operations and lean management, as well as innovation and product development for a range of high performing products. We are confident that his broad business experience, his structured approach to selling and his tenacious focus on developing new business will quickly lead to success.”

Concentric Itasca Inc. is one of four strategically located plants manufacturing both variable and fixed-flow oil and water pumps, fuel pumps as well as lubrication pumps for transmissions and compressors. The other plants are in Birmingham, UK, India and China.

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