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        IMA

Engel’s Peter Neumann to retire in November

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Even bosses need to retire and after 35 years helming injection moulding machinery maker Engel as Chairman, Peter Neumann will retire on 30 November or what the Austrian company says “withdraw from operational business.” He said, “There is some melancholy, but also optimism because Engel is well established and continuity in management has been secured.”

He added, “This step has been long planned on the occasion of my 60th birthday and is the result of a clear mutual agreement between myself and the owning families of the Engel Group of Companies.”

The generation change within the family-run business had been initiated several years ago by introducing the 4th generation of members of the owning family step by step into the executive board. Stefan Engleder has been responsible for R&D, engineering and production for more than three years and Christoph Steger for Sales and Marketing for more than two years.

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Now, the final step will be set by Stefan Engleder, great-grand-son of Engel’s founder Ludwig Engel, taking over the position as Chairman of the Executive Board effective 1 December 2016.

The Executive Board will continue to consist of 4 persons: besides Stefan Engleder as new Chairman also responsible for R&D, the board will be constituted of Christoph Steger (also a family member and responsible for Sales, Marketing and in future Customer Service), Dipl.-Oec. Klaus Siegmund (responsible for Finance, Personnel and IT) as well as DI Joachim Metzmacher (so far division manager production large-tonnage machines) for Global Production.

Peter Neumann will continue to stay connected with the company after the official handover and also in future support the executive board with his expertise in case of need.

(IMA)


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