Wacker Neuson SE: Dr. Karl Tragl appointed new Chairman of the Executive Board and CEO of Wacker Neuson SE

DGAP-News: Wacker Neuson SE / Key word(s): Personnel
23.03.2021 / 14:55
The issuer is solely responsible for the content of this announcement.

DGAP-News: Wacker Neuson SE / Key word(s): Personnel
23.03.2021 / 14:55
The issuer is solely responsible for the content of this announcement.

Dr. Karl Tragl appointed new Chairman of the Executive Board and CEO of Wacker Neuson SE

Munich, March 23, 2021 - Dr. Karl Tragl will take on the role of Chairman of the Executive Board and CEO of Wacker Neuson SE effective June 1, 2021. He follows on from Mag. Kurt Helletzgruber, who was seconded from the Supervisory Board to the Executive Board and is currently serving as CEO and CFO for an interim period.

"With Dr. Tragl, we have won an experienced and international leader with an in-depth understanding of the mechanical engineering industry to steer our company," explains Hans Neunteufel, Chairman of the Supervisory Board of Wacker Neuson SE. He continues: "He has a wealth of experience in internationalization, which we can leverage to capitalize even more effectively on opportunities that arise for us on the global market."

Alongside his responsibilities as Chairman of the Executive Board, Karl Tragl will be responsible for the areas of strategy, M&A, legal & compliance, human resources, investor relations, corporate communication, sustainability and real estate in his role as CEO of Wacker Neuson SE.

"The electrification and digitalization of the construction industry present a number of challenges, but also huge opportunities for the Wacker Neuson Group. My clear goal is to help increase the company's value in the long term. I am looking forward to this exciting task and working closely and successfully with my new colleagues," says Dr. Tragl.

With this appointment, the Executive Board of Wacker Neuson SE will again comprise four members. Kurt Helletzgruber will step down from his position as Chairman of the Executive Board when Karl Tragl joins the company. However, he will continue to serve as Chief Financial Officer (CFO) until further notice. Felix Bietenbeck is Chief Operations Officer (COO) and Chief Technology Officer (CTO) while Alexander Greschner remains Chief Sales Officer (CSO).

About Dr. Karl Tragl:

Dr. Karl Tragl most recently served as CEO of the Diehl Group, a global technology company with around 17,000 employees. Prior to this, Karl Tragl was Group President of the US aluminum group Alcoa/Arconic responsible for the Engineered Products & Solutions division. In addition to this, he spent 16 years at the engineering company Bosch Rexroth where, as CEO from 2010 onwards, he was responsible for the company as a whole. Karl Tragl has a PhD in engineering. He studied physics at the Friedrich-Alexander University in Erlangen-Nuremberg, Germany, and went on to complete his PhD at the German Aerospace Center in Oberpfaffenhofen, Germany.

 

Contact:
Christopher Helmreich
Head of Investor Relations
Wacker Neuson SE
Preussenstrasse 41
80809 Munich, Germany
Tel.: +49 - (0)89 - 354 02 - 427
christopher.helmreich@wackerneuson.com
www.wackerneusongroup.com

About the Wacker Neuson Group:
The Wacker Neuson Group is an international network of companies, employing around 5,500 people worldwide. In fiscal 2020, the Group achieved revenue of EUR 1.6 billion. As a leading manufacturer of light and compact equipment, the Group offers its customers a broad portfolio of products, a wide range of services and an efficient spare parts service. Wacker Neuson Group is the partner of choice among professional users in construction, gardening, landscaping and agriculture, as well as among municipal bodies and companies in industries such as recycling and rail transport. The product brands Wacker Neuson, Kramer and Weidemann belong to the Group. Wacker Neuson SE shares are listed on the regulated Prime Standard segment of the Frankfurt Stock Exchange (ISIN: DE000WACK012, WKN: WACK01) and are member of the SDAX.



23.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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