MAX AUTOMATION SE reorganizes Group structure and installs Management Board

DGAP-News: MAX Automation SE / Key word(s): Strategic Company Decision/Personnel

30.04.2019 / 07:30
The issuer is solely responsible for the content of this announcement.


PRESS RELEASE

MAX AUTOMATION SE reorganizes Group structure and installs Management Board

Operating business to be divided into three segments in the future. New Management Board structure ensures better coordination of strategic management and operational business.

Dusseldorf, April 30, 2019 - In connection with a stronger focus on its core business, the Supervisory Board of MAX Automation SE has implemented a structural re-segmentation within the Group at the start of the 2019 financial year. The operating business will be divided into the three segments of Process Technologies, Environmental Technologies and Evolving Technologies, which will replace the previous Industrial Automation and Environmental Technology segments. The new segments will be reported for the first time in the interim report for the first quarter of 2019.

In connection with the new segmentation, the Supervisory Board has also restructured the MAX management structure and installed a Management Board. For each of the three business segments there is one responsible member of the Management Board, who is appointed as follows:

- Chairman: Andreas Krause (CFO of MAX Automation SE, Supervisory Board member)

- Head of Process Technologies: Patrick Vandenrhijn (Managing Director of MAX Automation SE, CEO of bdtronic GmbH)

- Head of Environmental Technologies: Werner Berens (Managing Director of MAX Automation SE, CEO of Vecoplan AG)

- Head of Evolving Technologies: Dr. Guido Hild (Managing Director of MAX Automation SE)

Patrick Vandenrhijn (with bdtronic since 2000) and Werner Berens (with Vecoplan since 2012) will continue to perform their additional functions at the two associated companies. The Supervisory Board of MAX Automation SE has also appointed Dr. Guido Hild to the Management Board of MAX Automation. He joins the company on June 1, 2019 and will take over the management of the Evolving Technologies business unit. Dr. Hild holds a degree in industrial engineering and is a proven expert in the areas of strategy, restructuring, M&A and business development. He is currently Senior Vice President of GEA Group.

Dr. Jens Kruse, Chairman of the Supervisory Board: "By establishing the new corporate and management structure, we are taking two important steps towards an integrated industrial group and adapt MAX's strategy to the challenges of digitalization and globalization. We will network the individual companies even better and leverage potentials that only a larger group with a strong market position and reach can offer."

The overall goal is to make better use of the MAX Group's overall potential and to identify risks earlier. To this end, the entire Group is systematically analyzed for potential improvements and necessary adjustments are consistently implemented. This applies to all areas, from the structure of the company to the personnel and financial resources to the design of the portfolio. "We are determined to seize opportunities that can advance MAX Automation" says Dr. Kruse.


Contact:

Katja Redweik
Head of Corporate Development/IR
MAX Automation SE
Tel.: +49 - 211 - 9099 144
katja.redweik@maxautomation.com

Press contact

Susan Hoffmeister

CROSS ALLIANCE communication GmbH
Telefon: +49 (89) 125 090 3-33
sh@crossalliance.de

Marco Cabras
newskontor - Agentur für Kommunikation
Telefon: +49 (211) 863 949-22
marco.cabras@newskontor.de


About MAX Automation SE
MAX Automation SE (WKN: A2DA58), based in Dusseldorf, is an internationally active industrial group for high-tech automation solutions. The operating business is divided into three divisions: in its Process Technology segment, the Group's comprehensive technological Expertise makes it an innovation leader in the development and manufacture of proprietary solutions (e.g. dosing, impregnation), particularly for the automotive and electronics industries. In its Environmental Technology segment, MAX Automation develops and installs technologically complex systems for the recycling, energy and raw materials industries. The Evolving Technologies division of MAX Automation develops high-quality assembly and system solutions for the medical technology and automotive industries as well as for robotics and augmented automation.
www.maxautomation.com

 



30.04.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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