Feldmuehle strengthens the management team

In August 2020, the shareholders appointed Mr. Bernd Weber as an additional managing director with sole power of representation in the management board. As Chief Financial Officer (CFO) of the company, Bernd Weber is responsible for accounting, IT, human resources and treasury.

Feldmuehle GmbH successfully completed the restructuring process in January 2020, which was commenced in 2018. In addition to various structural process improvements, the extensive restructuring measures have also significantly strengthened Feldmuehle's financial resilience to external unplanned events. For example, the company profit and loss result in 2020 has been above plan in all planning references - especially in terms of operating results and cash flow - since the beginning of the year despite the effects of the COVID-19 pandemic.

Feldmuehle GmbH was led by managing directors Heiner Kayser and Steffen Liebich during the restructuring phase. Both are still managing directors.

The shareholders of the company appointed Mr. Bernd Weber to the management board with sole power of representation in August 2020. As Chief Financial Officer (CFO) of the company, Bernd Weber is responsible for accounting, IT, human resources and treasury.

The management board of Feldmuehle GmbH expects latent consolidation pressure in the overall market in the medium term and long term, with simultaneously increasing pressure to innovate on the product side and has aligned its strategic business planning accordingly. By appointing Bernd Weber to the management board, the management's ability to act and the communication with our financial partners will be significantly strengthened.