Evoqua Water Technologies Sees Executive Shakeup

The Evoqua Water Technologies Board of Directors has named AEA Investors LP Operating Partner Gary Cappeline interim CEO and Mark Roos, formerly CFO of Unifrax LLC, previously an AEA portfolio company, interim CFO. Former Evoqua CEO Dr. Lukas Loeffler has left the company and as determined in December 2013, CFO Mirko Schueppel will leave March 31. The Board will begin an immediate search for their replacements. Private equity partner AEA acquired Siemens Water Technologies on Jan. 15 and renamed the company Evoqua Water Technologies.

Interim CEO Cappeline, formerly president and COO 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. Interim CFO Roos previously was CFO of Unifrax, an industrial technology company carved out from British Petroleum in 1996 that grew by five times during the subsequent years.