PETpla.net Insider 05 / 2020

7 NEWS PETplanet Insider Vol. 21 No. 05/20 www.petpla.net Management change at KraussMaffei Group Dr Frank Stieler has been stepping down from his office as CEO of KraussMaffei Group GmbH on March 31, 2020 and Dr Michael Ruf, by then COO of the company, took over the position from April 1, 2020. The COO position will not be taken again. Since 2018 KraussMaffei Group GmbH has been part of KraussMaffei Company Limited, a public company listed on the Shanghai Stock Exchange. Dr Stieler has been CEO of KraussMaffei Group GmbH since July 2015 and of KraussMaffei Company Limited since May 2019. Under the leadership of Dr Ruf the company intends to streamline its organisation. This will allow further rationalisa- tion to deal with the challenges from the current complicated and volatile economic situation and the impact from the Corona crisis. Dr Ruf: “We are ready to face such challenges. I enjoyed working with Dr Frank Stieler thereby creating the concepts for the changes together. I am grateful for his efforts in devel- oping the company to this level.” The Chairman of the Board, Mr Bai Xinping said: “Dr Stieler refocussed and repositioned KraussMaffei as the plastic industry pioneer. He has man- aged the company in the face of the current challenges. We thank him for his work and wish him all the best for the future.” www.kraussmaffei.com Dr Michael Ruf, KraussMaffei