Aggreko, the world’s leading power rental company, has reorganized its structure into two primary divisions: Aggreko Rental Solutions and Aggreko Power Solutions. The changes are part of a review of business priorities announced by new chief executive Chris Weston to identify the key growth drivers for Aggreko and determine ways to improve its operational efficiency and effectiveness.
The new Aggreko Rental Solutions division will incorporate the group’s local businesses focusing primarily on developed markets. Aggreko Power Solutions will include the company’s existing power projects business and local businesses in developing markets.
Rental veteran Asterios Satrazemis, current regional director for Americas, will become president of the Rental Solutions business, based in the United States. Satrazemis has been with Aggreko in various executive capacities for the past seven years. Satrazemis has a long rental history, having served in various leadership roles with United Rentals for about a decade.
The Power Solutions business will be run by Weston on an interim basis while a search process is underway to identify a permanent leader.
“In recent months we have been conducting a review into our business priorities and I look forward to sharing the output of this review on August 6,” said Weston. “As part of this process, we have taken the decision to reorganize the business to be as efficient and as effective as we can be for our customers and our markets.”
Aggreko said its review has the goal of producing a set of core business priorities for the company’s next growth phase.
Based in Scotland with North American headquarters in Houston, Aggreko North America is No. 6 on the RER 100.