The board of directors of Evoqua Water Technologies, formerly Siemens Water Technologies, has named AEA Investors LP operating partner Gary Cappeline as interim CEO, and Mark Roos, formerly of Unifrax LLC, as interim CFO.
Former CEO Dr Lukas Loeffler has left the company and, as determined in December 2013, CFO Mirko Schueppel will leave on 31 March 2014. The board will begin an immediate search for their replacements.
Cappeline, formerly president and chief operating officer of Ashland Inc, is a chemical engineer and has extensive water and industry vertical experience. He joined AEA in 2007 and has been involved with Evoqua since June 2013 as AEA’s due diligence co-lead.
Roos was previously CFO of Unifrax, an industrial technology company carved out from British Petroleum in 1996 that grew fivefold during subsequent years.
Evoqua provides water and wastewater treatment equipment and services for industrial, marine and municipal customers. The company’s history can be traced back more than a century through legacy brands such as Wallace & Tiernan, Ionpure and USFilter.