The current executive board of the ENGEL Group of Companies: (L-R) Dr. Peter Neumann, Dr. Christoph Steger, Dr. Stefan Engleder, Dipl-Oec. Klaus Siegmund
Engel has announced that Dr. Peter Neumann, the company’s long-term Chairman, will step down from the role after 35 years.
With effect from November 30th 2016, Neumann will retire from the Group, with the role of Chairman taken over by Dr. Stefan Engleder, great-grandson of Engel’s founder, Ludwig Engel.
“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,” commented Neumann.
Engleder, who is currently responsible for R&D, engineering and production, represents the fourth generation of the Engel family to sit on the company’s executive board.
In addition to Engleder, from 1st December the board will consist of Dr. Christoph Steger – also a family member – responsible for Sales, Marketing and Customer Service; Dipl.-Oec. Klaus Siegmund, responsible for Finance, Personnel and IT; as well as DI Joachim Metzmacher, responsible for global production.
“It is a great honour and also a challenge taking over the Chairmanship from Dr. Neumann,” said Engleder. “He has shaped the company for decades and played a significant part toward the success of the business.”
Dr. Birgitte Engleder, Chairwoman of the Supervisory Board, added: “Not only as Chairwoman of the Supervisory Board but especially as member of the owning family, I am very pleased that we have concluded the transition within the operational management from the third to the fourth generation.
“I am proud to witness the next generation taking over and I am sure that Stefan Engleder as new chairman of the executive board together with Christoph Steger and the other executives will continue the success story that my grandfather started. At the same time, I would like to dearly thank Peter Neumann and wish him all the best for the new chapter in his life on behalf of all employees, the other members of the executive board and the owning families.”
Neumann will continue to stay connected with the company after the official handover and support the executive board if required.