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October 27, 2020

Castolin Eutectic appoints Patrick Fetzer as global CEO to reach new heights

Castolin Eutectic, a leading global provider of maintenance and repair solutions by means of welding, brazing and coating, announced that Patrick Fetzer has been named as Chief Executive Officer starting October 2020. He will operate from the company headquarters in Kriftel, Germany.

For much of his career Patrick has held executive positions within the power industry through appointments with two market leaders, GE and Alstom Power. Born in Switzerland and with an extended period of working in the USA, he has dual nationality, Swiss/American. With more than 25 years experience, his assignments have involved him operating internationally in North and South America, all parts of Europe, the Middle East, India, China and Asia Pacific.

“Patrick’s international experience combined with a project and focused-based approach to business development will be invaluable to the Group as we look to grow both in established and developing markets. Patrick will be a complimentary match for the strategic direction that the company will follow during the coming years. He will add to a strong Regional Management Team, experience with global integration and optimizing sourcing, supply chain and logistics,” explains Max Moser von Filseck, Principal at Paragon Partners.

“I am really excited and proud to lead the Castolin Eutectic Group at this pivotal time as we open a new chapter as stand-alone company under new ownership of Paragon Partners. I see Castolin Eutectic as a company with a long history, good solid engineering & application know-how, great products, a valuable brand, and - most importantly - as a company made up of a lot of great people!, ” said Patrick Fetzer.

Patrick Fetzer comes as a B. Sc. graduate in Mechanical & Process Engineering supplemented with a M. Sc. in Industrial Management & Production. He also gained an MBA Diploma during his time working in the USA.

Castolin Eutectic has been acquired by Paragon Partners, an independent private equity company, in June 2020. Paragon Partners invest in mid-sized companies with a proven and sustainable business model based primarily in the German speaking region, but operating internationally. Established in 2004 by a team of experienced private equity professionals, Paragon Partners is wholly owned and operated by the partners Edin Hadzic, Krischan von Moeller and Marco Attolini. The investment team is based in Munich and manages approx. €1.2bn in equity commitments.

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