Schaffner appoints new Head of Power Magnetics division

The Board of Directors of Schaffner Holding AG appointed Daniel G. Zeidler as Head of Power Magnetics division and member of the Executive Committee. He will take up his duties at Schaffner no later than 1st March 2019.

With the appointment of Zeidler, the Executive Committee of the Schaffner Group will be complete again, consisting of the CEO, CFO and COO as well as one Executive Vice President each for the three divisions.

Zeidler (46) holds a master degree in Industrial Management and Manufacturing from ETH Zürich and an Executive MBA from the University of St Gallen. He spent most of his career in various positions at ABB, including General Manager of Generator Circuit-Breaker systems from 2011 to 2016. Zeidler currently heads Trasfor SA, an ABB Group company that manufactures dry-type transformers and reactors for low and medium voltage applications in the drive systems.

With the handover to Zeidler, the mandate of Patrick Jung, the interim Head of Power Magnetics division, who has successfully expedited the turnaround of the division in recent months, will end.