MCT Names New CEO

Siemens-owned Marine Current Turbines Ltd (MCT) appointed Sven Stoye as new Chief Executive Officer, as of 1st March 2014.

Sven has over 15 years of experience in the energy sector and joins MCT from Siemens Power Generation division where he was Vice President for Engineering for all disciplines involved in the engineering, procurement and construction of turnkey combined cycle power plants in Asia, Near Middle East and Africa during all project phases.

Previously Sven held a number of senior management roles within Siemens AG, Europe’s largest engineering company. He was Head of Process Engineering, Instrumentation & Control and Head of Commissioning Department for the Siemens Fuel Gasification Technology (SFGT). His work included product responsibility for SFGT entrained flow gasifier (for research, development and customer projects), technical sales support, technical project execution and commissioning service.

Sven graduated from Beuth University of Applied Sciences in Berlin with a degree in Mechanical Engineering. In 1999 he joined the Siemens Graduate Programme for two years after which he held various engineering positions within Siemens.

Press release, March 25, 2014