DEUTZ AG (FRA:DEZ) DEUTZ AG: Dr. Sebastian Schulte to be new Chief Financial Officer of DEUTZ AG
Transparency directive : regulatory news
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DGAP-News: DEUTZ AG
/ Key word(s): Personnel
The Supervisory Board of DEUTZ AG has appointed Dr. Sebastian Schulte to the Board of Management of DEUTZ AG with effect from no later than February 1, 2021. As Chief Financial Officer (CFO), Schulte will take over responsibility for finance, human resources, purchasing, and information services on March 1, 2021. The current CFO, Dr. Andreas Strecker, has decided to leave the Company. Dr. Bernd Bohr, Chairman of the Supervisory Board of DEUTZ AG: "The Supervisory Board would like to thank Andreas Strecker for his hard work and invaluable contribution during the almost three years that he has spent at DEUTZ. We wish him every success in his new role." Strecker, whose previous appointments include President & CEO of Daimler Buses North America and CEO of Solaris Bus & Coach, will return to running a company in his new post as a general manager. Sebastian Schulte, 41, has been a Managing Director and the Chief Financial Officer of ThyssenKrupp Marine Systems, the marine division of the ThyssenKrupp Group, since 2018. After studying at Ruhr University Bochum and obtaining his doctorate at the Judge Business School of the University of Cambridge, Schulte held various roles at the group headquarters of ThyssenKrupp AG. Between 2014 and 2017, he contributed to the successful restructuring and sale of ThyssenKrupp's steelworks in Rio de Janeiro in his role as CFO and member of the Executive Board. Dr. Frank Hiller, Chairman of the Board of Management of DEUTZ AG: "I am delighted that Sebastian Schulte is joining DEUTZ. Together with our colleague on the Board of Management, Michael Wellenzohn, we will work to ensure the success of the efficiency program that has been initiated, our E-DEUTZ strategy, and the expansion of our activities in China." Contact: Leslie Isabelle IltgenCommunications & Investor Relations Senior Vice President Tel. +49 (0) 221 822-36 00 Fax: +49 (0) 221 822-15 36 00 E-Mail: leslie.iltgen@deutz.com
06.08.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | DEUTZ AG |
| Ottostraße 1 | |
| 51149 Köln (Porz-Eil) | |
| Germany | |
| Phone: | +49 (0)221 822 0 |
| Fax: | +49 (0)221 822 3525 |
| E-mail: | ir@deutz.com |
| Internet: | www.deutz.com |
| ISIN: | DE0006305006 |
| WKN: | 630500 |
| Indices: | SDAX |
| Listed: | Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1110773 |
| End of News | DGAP News Service |
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1110773 06.08.2020