Engel: Peter Neumann withdraws from operational business
Effective November 30th 2016, Peter Neumann, long-term chairman of the executive board of the Engel Group of Companies, withdraws from operational business after 35 years.
“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”, explains Neumann the background for this change. Indeed, the generation change within the family-run business had been initiated several years ago by introducing the fourth generation of members of the owning family step by step into the executive board. Dr Stefan Engleder has been responsible for R&D, engineering and production for more than three years and Dr Christoph Steger for Sales and Marketing for more than two years.
Now, the final step will be set by Dr Stefan Engleder, great-grand-son of Engel’s founder Ludwig Engel, taking over the position as chairman of the executive board effective December 1st, 2016. The executive board will continue to consist of four persons: besides Dr Stefan Engleder as new Chairman also responsible for R&D, the board will be constituted of Dr Christoph Steger (also a family member and responsible for Sales, Marketing und in future CSD), 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.
