Marine Jet Power Hires Tegström as CEO

Swedish-based waterjet propulsion systems supplier Marine Jet Power (MJP) said it has appointed Jonas Tegström as chief executive officer to succeed interim CEO Claes Rudling, who will resume his position on the board of directors.

, and parent company Verdane Capital, are pleased to announce the 

Tegström brings more than 20 years of senior management experience, including strategic development, plan execution and manufacturing expertise. Most recently Tegström served as the CEO of Orio AB, the former after sales company of SAAB Automobile, where he led a major restructuring.

“I am honored and excited to join the MJP team,” Tegström said. “The company has experienced impressive growth over the last few years, and I look forward to capitalizing on that momentum as we continue to expand into emerging markets and innovate with evolving marine technologies.”

Tegström is a graduate of Harvard Business School and holds an Master of Science degree in engineering from Linköping University in Sweden.