Wacker Neuson SE: New CEO brings wealth of experience in international business

Wacker Neuson SE / Key word(s): Change of Personnel

13.07.2011 / 15:45


New CEO brings wealth of experience in international business

(Munich, July 12, 2011) Light and compact equipment manufacturer Wacker
Neuson SE has appointed a new CEO. Cem Peksaglam (43) will be taking the
helm on September 1, 2011. He succeeds Dr. Georg Sick, who left the
Executive Board on September 15, 2010.

Business management graduate Cem Peksaglam has held a variety of management
positions in the Bosch Group during his career. He spent nine years in
international management, where he gathered a wealth of experience in
numerous regions including South America and the Far East. From 2007 to
2010, Mr. Peksaglam was President and Managing Director of Robert Bosch
(Southeast Asia) Pte. Ltd., based in Singapore, where he was responsible
for Bosch's activities in Southeast Asia and for around 4,200 employees. In
the course of his career, Cem Peksaglam also took on management positions
on an honorary basis in various chambers of commerce, umbrella
organizations and industry working committees both within and outside of
Germany. He speaks six languages and is married with two children.

Mr. Peksaglam has gained in-depth experience in a variety of industries,
which he draws upon to the greatest effect when managing personnel from
diverse cultural backgrounds. Active experience with high-tech products
throughout his career has given him a solid technical foundation. Cem
Peksaglam will be bringing all of these capabilities - and in particular
his international experience - to Wacker Neuson. 'Numerous strengths such
as service and quality excellence, innovative product solutions,
uncompromising customer focus and a dedicated workforce mean that Wacker
Neuson has exactly what it takes to become an even bigger player in
established and emerging markets. My role is to ensure that we dovetail
these valuable assets as effectively as possible to secure the long-term
success of Wacker Neuson,' Cem Peksaglam explains.

Hans Neunteufel, Chairman of the Supervisory Board of Wacker Neuson SE,
goes on to explain why Cem Peksaglam was the candidate of choice.
'Establishing a strong base in Europe and North America was previously a
top priority for many European construction equipment manufacturers. Over
the next twenty years, however, Asia and South America will become major
growth spots. Our decision to appoint Mr. Peksaglam CEO aligns with our
strategy to capitalize on the challenges and opportunities presented by
these markets. We are bringing on board an experienced business executive
with a strong background in engineering, an outstanding international
reputation and years of leadership at Bosch. Both he and his colleagues on
the Executive Board of Wacker Neuson SE will give added momentum to our
journey as we reach for our ambitious growth goals,' he adds.

In addition to the role of CEO, Cem Peksaglam will be responsible for
investor relations, legal issues, HR, Group auditing, real estate and
quality management. Richard Mayer will step down from his interim role as
acting Spokesperson of the Executive Board. He will, however, remain
responsible for light equipment at Executive Board level. 'We are looking
forward to working with Mr. Peksaglam and shaping the future of Wacker
Neuson,' explains Mr. Mayer speaking on behalf of the Executive Board.
Günther Binder (finance and IT), Martin Lehner (compact equipment) and
Werner Schwind (sales, rental, logistics, service, marketing and training)
will also retain their former areas of responsibility. 'We would like to
thank all four members for their efforts in successfully steering the
company through this interim phase despite the significant increase in
their workload,' emphasizes Chairman of the Supervisory Board Hans

Your contact partner:

Wacker Neuson SE 
Katrin Yvonne Neuffer
Head of Corporate Communication /
Investor Relations
Preussenstr. 41 
80809 Munich, Germany
Tel: +49-(0)89-35402-173

About Wacker Neuson
Wacker Neuson SE is a global manufacturer of light and compact equipment.
With over 30 affiliates and more than 180 locations across the globe, the
company offers an exceptionally broad portfolio of products and services.
Manufacturing activities are distributed across three German, one Austrian,
two American and one Philippine production sites. Almost all products
manufactured by the company are branded Wacker Neuson. The only exceptions
to this in Europe are Kramer Allrad products and Weidemann-branded
agricultural machinery. With over 300 product categories and complementary
rental, spare parts and repair services, Wacker Neuson is the partner of
choice among professional users in construction, gardening, landscaping and
agriculture, as well as among municipal bodies and companies in the
industrial and recycling sectors.

End of Corporate News


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Language:    English                                                
Company:     Wacker Neuson SE                                       
             Preußenstr. 41                                         
             80809 München                                          
Phone:       +49 - (0)89 - 354 02 - 0                               
Fax:         +49 - (0)89 - 354 02 - 390                             
E-mail:      info@wackerneuson.com                                  
Internet:    www.wackerneuson.com                                   
ISIN:        DE000WACK012                                           
WKN:         WACK01                                                 
Listed:      Regulierter Markt in Frankfurt (Prime Standard);       
             Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,  
             München, Stuttgart                                     
End of News    DGAP News-Service  
131922 13.07.2011