Marine power company WinGD has named its new chief executive as the existing boss opts to move on at the end of July.

The Chinese-controlled, Swiss-headquartered engine specialist has appointed Dominik Schneiter — WinGD’s vice president of research and development — as acting chief executive as of 1 July 2023.

WinGD said outgoing chief executive Klaus Heim will step down from the role on 31 July after five years with the company.