Forsee Power Société anonyme Appoints Joel Theut as Chief Technical and Operations Officer
October 25, 2023 at 11:45 am EDT
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Forsee Power Société anonyme announced the appointment of Joel Theut ? an American citizen ? to support its continued growth and strengthen its position in the global market for sustainable electromobility. As Chief Technical and Operations Officer, Joel Theut joins the Company's Executive Committee and will lead all operations, innovation, R&D and supply chain activities. He will bring to the Group more than 30 years of international experience (United States, United Kingdom, China, and South Korea) in product development, project management, operations, and business development in the automotive and batteries sectors. Before joining Forsee Power, Joel Theut was Vice President of Operations, Quality and Health Safety Environment
(HSE) at the automotive supplier Webasto for the Asia-Pacific region. While leading the post-merger integration of a joint venture acquired in South Korea, he was responsible for the establishment, development, industrialization and launch of several vehicle battery assembly plants in South Korea. Additionally, Joel had overall responsibility for regional operations, quality, health and safety, including the construction and ramp-up of other industrial sites in China, Japan, South Korea, in India and Thailand. Within Forsee Power, Joel's mission will be to consolidate an agile international organization in the countries where Forsee Power operates, optimizing synergies and global flexibility.
Forsee Power is specialized in the design, manufacture and marketing of smart battery systems for use in the electric mobility market. Net sales break down by activity as follows:
- sale, installation and activation of lithium-ion battery systems (98.1%): systems for use in light electric vehicles (electric bicycles, scooters and light 1- to 4-wheel vehicles), heavy vehicles (farming, construction and industrial vehicles, trucks, buses, rail vehicles, and ships), stationary energy storage units (for residential, commercial and industrial purposes), medical equipment, connected objects, home systems, robotics equipment and work tools;
- provision of services (1.6%): financing services (battery rentals), battery life cycle management services and after-sales services;
- other (0.3%).
At the end of 2023, the group had 5 production sites located in France, Poland, India, USA and China.
Net sales are distributed geographically as follows: France (6.2%), Europe (83.9%), Asia (7.9%), the United States (1.3%) and other (0.7%).