Men's Weekly

.

Business Telegraph

.

DEUTZ AG: Supervisory Board of DEUTZ AG extends term of appointment of CEO Dr. Sebastian C. Schulte by five years

  • Written by Telegraph Magazine

COLOGNE, GERMANY - EQS Newswire - 19 January 2023 - The Supervisory Board of DEUTZ AG today decided on the early extension of the term of appointment of CEO Dr. Sebastian C.

Schulte. He has now been appointed for a further five years, with his new term of office running until December 31, 2028.

Dr. Dietmar Voggenreiter, Chairman of the Supervisory Board of DEUTZ AG: "Following on from the new appointments to the Board of Management at the end of last year, this is another key step in preparing DEUTZ for the challenges of the future. The encouraging business performance over the course of 2022 proves that we are on the right track. Extending the term of appointment ensures stability for the Board of Management. I look forward to continuing our constructive and successful working relationship."

Dr. Schulte has been a member of the Board of Management since January 1, 2021, and CEO of DEUTZ AG since February 12, 2022. Under his leadership, the Group successfully launched the Powering Progress strategy program last year. Its objective is to prepare the Group for the transformation of the transport sector, to further expand the service business, and to grow in the classic engine business.

The issuer is solely responsible for the content of this announcement.

About DEUTZ AG

DEUTZ AG, a publicly traded company headquartered in Cologne, Germany, is one of the world's leading manufacturers of innovative drive systems. Its core competencies are the development, production, distribution, and servicing of drive solutions in the power range up to 620 kW for off-highway applications. The current portfolio extends from diesel, gas, and hydrogen engines to hybrid and all-electric drives. DEUTZ drives are used in a wide range of applications including construction equipment, agricultural machinery, material handling equipment such as forklift trucks and lifting platforms, commercial vehicles, rail vehicles, and boats used for private or commercial purposes. DEUTZ has around 4,750 employees worldwide and over 800 sales and service partners in more than 130 countries. It generated revenue of around €1.6 billion in 2021.

Further information is available at .

Entrepreneurs & Leaders

A Step-by-Step Guide on How to Open Company in Poland

Poland continues to be a highly attractive destination for global entrepreneurs seeking new opportunities within the E...

What Sets a Top Commercial Plasterer Contractor Apart in Melbourne’s Competitive Market

Melbourne’s commercial construction scene moves fast. Whether it is a retail space on Chapel Street, a high-rise offic...

Justice for Workplace Injuries: How to Find the Best Compensation Lawyer

Finding an experienced compensation attorney who focuses on workplace injury claims is one of the most crucial actions...

Overcoming Internal Resistance to Adopting Headless CMS

Like any technological shift in an organization, there is always internal resistance to be mitigated. Transitioning to...

Understanding Australian Electrical Compliance: Key to Workplace Safety

In Australia, workplace safety is a priority, particularly when dealing with electrical systems. Adherence to Australi...

How Mobile Mechanics in Sydney Are Transforming the Lives of Busy Professionals

In a fast-paced city like Sydney, where every hour counts, finding time for car maintenance can be a challenge. For bu...

Beyond the Marker: How Modern Whiteboards Drive Team Collaboration

Collaboration in the workplace has undergone a transformation. With the rise of hybrid work models, agile project mana...

Essential Strata Insurance Services Every Multi-Owner Building Must Get Right

When multiple parties share ownership in a property, ensuring its longevity and protection demands more than just good...

Global Content Delivery with Headless CMS and Edge Networks

As the world gets more interconnected every day, businesses with international audiences now demand rapid, consistent...