New CEO, Dr. Frank Stieler
Dr. Frank Stieler has been appointed as the new Chief Executive Officer (CEO) of the KraussMaffei Group.
Effective as of July 27, 2015, Dr. Stieler will succeed Jan Siebert, who has led the KraussMaffei Group since January 2012, and who is leaving at his own request.
“Dr. Stieler is a charismatic leader with an outstanding track record of more than twenty years of international experience in renowned German industrial companies with a global presence, especially in machinery and systems engineering,” said Dr. Kurt Kinzius, Chairman of the Supervisory Board of KraussMaffei Group GmbH.
Stieler previously held manafement positions in Lurgi (now known as Air Liquide Group), Siemens and Hochtief.
“Leveraging his expertise and track record, Dr. Stieler will advance the KraussMaffei Group, recognise and accelerate the company’s growth potential and further strengthen its position in international markets”, Dr. Kinzius stated.
The Group thanked Jan Olaf Siebert for his “strong personal commitment” during the strategic reorientation of the KraussMaffei Group.