Vincotech announced that its board of directors has named Joachim Fietz Managing Director. Fietz will be based at the company’s Unterhaching, Germany headquarters and will report to the board of directors. Vincotech is owned by The Gores Group, a Los Angeles-based private equity firm.
Fietz replaces Rainer Sendrowski, who has announced his decision to leave the company. Over the next few months, Fietz and Sendrowski will work closely together to ensure a smooth transition of responsibilities.
"Joachim is a seasoned technology executive with an impressive track record of managing businesses to their full potential," said Tim Meyer, Vincotech Chairman and Managing Director at The Gores Group. "Joachim’s strong sales and leadership skills, strategic insight, and customer-focused mentality will help further advance Vincotech’s position in the industry."
During his 20+ year career, Fietz has held various senior-level leadership positions in engineering, sales and operations. He most recently served as CEO of Innominate Security Technologies AG, a Berlin-based venture capital funded company which develops and sells advanced network security products to global customers. He also served as managing director for Storage Technology GmbH, where he restructured and refocused the business to achieve significant profit and sales increases. At Sun Microsystems, Fietz managed the German sales team, where he drove growth in core vertical markets.
Fietz stated, "I’m excited to work closely with the Vincotech team to further accelerate growth and profitability. In spite of the challenging economic outlook ahead, I believe the business is well positioned to capitalize on current market opportunities. It is a great opportunity for me to partner with the Gores Group, a premier private equity firm, which is so focused and committed to helping businesses achieve their full potential."
