Lenze Group
Dr. Achim Degner becomes new CFO
The Lenze Group, which operates in the field of factory automation, has appointed Dr. Achim Degner as its new Chief Financial Officer (CFO). The previous CFO of many years, Dr. Yorck Schmidt, is leaving at his own request to take on new professional challenges.
Dr. Degener will take up his duties on 1 January 2019 at the latest and will have overall responsibility for the Finance division. Since 2004, he has been responsible for finance in the management of the Baden-Württemberg-based machine tool manufacturer Chiron. Prior to that, Dr. Degner held various management positions, including Managing Director/CFO at LOI Thermprocess GmbH, an associated company of Ruhrgas Industries GmbH, where he was responsible for the turnaround of the company into a sustainably positive earnings position.
Christian Wendler, Chairman of the Lenze Executive Board, said: "On behalf of my colleagues on the Executive Board, I would like to expressly thank Dr. Schmidt for his many years of excellent work. We regret his departure, but at the same time we are delighted to have gained an experienced financial expert with excellent knowledge of mechanical engineering in Dr. Achim Degner."
Dr. Yorck Schmidt joined the company as Chief Financial Officer in January 2011. From 2013 to the end of 2017, he was also responsible for global purchasing, production and logistics from the Operations board department and, among other things, launched and drove forward the strategically important topic of 'Operational Excellence'. The service strategy was also clearly defined and Lenze North America was strategically realigned.
You might also be interested in
Focus on the 'brainware'
Digital engineering in particular still suffers from a lack of end-to-end tools in mechanical engineering - according to Lenze's findings. Accordingly, the automation technology specialist from Hamelin is addressing the topic of 'brainware' in...
read more...Lenze achieves sales record
The Lenze Group successfully continued its growth trajectory in the 2017 / 2018 financial year and once again exceeded its core financial targets. Group revenue increased by 9.2 % to a new record level in the reporting year.
read more...Billion-euro merger on the US market
Altra Industrial Motion Corp. is merging with four companies from the Fortive Automation & Specialty Platform, including Kollmorgen, Thomson, Portescap and Jacobs Vehicle Systems, effective October 1. The transaction is valued at around 2.9...
read more...50 million investment in Industry 4.0 factory
At the end of September, Lenze laid the foundation stone for the 'Mechatronic Competence Campus' (MCC) in Extertal. The ultra-modern development and production site in North Rhine-Westphalia is the company's largest single investment to date,...
read more...VDMA expects production growth of 2% for 2019
The VDMA is convinced that mechanical engineering companies can also expect production growth in 2019 thanks to the good order situation and high order backlog. However, there is growing uncertainty among export-dependent investors due to increasing...
read more...LTI Motion pushes the wind energy sector
With a new wind energy competence center in Unna (North Rhine-Westphalia) and production sites in Lahnau (Hesse) and Shanghai, LTI Motion intends to expand its wind business into a strategic growth pillar.
read more...Production of the cult scooter with electric drive
Piaggio starts production of the 'Vespa Elettrica' in September 2018 - including innovative man-machine networking. The electric version of the famous scooter is manufactured at the Pontedera plant in the province of Pisa.
read more...SKF sells linear technology and actuators
The Schweinfurt-based company SKF has signed an agreement with Triton, a German-Scandinavian investment company, to sell its linear technology and actuators business. The purchase price amounts to the equivalent of 270 million euros.
read more...Faulhaber buys stepper motor manufacturer
Effective July 19, Faulhaber Antriebssysteme acquires Dimatech SA, a Swiss manufacturer of stepper motors using disk magnet technology.
read more...