TPT July 2020

I NDUS T RY

KraussMaffei Group announce changes KRAUSSMAFFEI Group has

Group GmbH since July 2015 and of KraussMaffei Company Limited since May 2019. Under the leadership of Dr Ruf the company will look to streamline the organisation. This allows further rationalisation 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 that he developed the company to this level.” The Chairman of the Board, Mr Bai Xinping, said: “Dr Stieler has re- focused and repositioned KraussMaffei as the plastic industry pioneer. He has managed the company to deal with the current challenges. We thank him for his work and wish him all the best in the future.”

position will not be replaced. Since 2018 KraussMaffei Group GmbH has been part of KraussMaffei Company Limited, a public company listed on the Shanghai Stock Exchange. Dr Stieler has worked as CEO of KraussMaffei

announced that Dr Frank Stieler has resigned from his office as CEO and Dr Michael Ruf, who is the current COO of the company, has taken over the position with immediate effect. The vacant COO

Dr Michael Ruf

Dr Frank Stieler

KraussMaffei Group www.kraussmaffei.com

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JULY 2020