Executive board changes at Windmöller & Hölscher

Changes to the management board of Due west&H - Dr Jürgen Vutz joins the supervisory board, Peter Steinbeck becomes chief executive officeholder

Dr Jürgen Vutz, chief executive officeholder and managing partner at machinery manufacturer, Windmöller & Hölscher, in Lengerich, Germany since 2001, will join the company'south supervisory board beginning Jan 1, 2021. The position of chief executive officer volition exist taken over by Peter Steinbeck, also a managing partner and currently chief scientific officer, responsible for sales and service. Every bit of Jan 2021, the management board will be made upwardly of Peter Steinbeck (main executive officer and head of sales & service), Dr Falco Paepenmüller (chief technology officer), and Martin Schulteis (chief fiscal officer).

Both Dr Jürgen Vutz and Peter Steinbeck were appointed to the management lath of the family-owned company in 1999. Two years later, Vutz took over as chief executive officer. In the course of his more than than 22 years on the lath, Vutz has had a decisive influence on the company. During this time, Westward&H has grown significantly through its continuous focus on market demands and the development of the company. Sales grew from approximately Euro 300 million (approximately Rs 2,611 crore) in 1999 to over Euro 900 meg (approximately Rs seven,834 crore) in 2019, and the number of employees has increased from roughly two,100 to iii,100.

"The virtually important goal for me has e'er been to make Due west&H a stable and successful company for the long term. We have achieved a bully deal and accept ready the right course for the coming years. Nosotros can proudly await into the future, total of optimism. Even with Corona challenging u.s., Due west&H, the world market leader, is on its way to becoming a billion Euro company. Now I tin calmly pass the baton to Peter Steinbeck," said the PhD in Engineering.

Vutz'due south date to the supervisory board will become effective on January ane, 2021, and he volition remain closely involved in the farther development of the visitor. On behalf of all shareholders, Adelheid Windmöller, majority shareholder, expressed special thanks, "In the more than 20 years of his successful career, Dr. Vutz has been more than just primary executive officer, he has go part of our family unit concern. We owe him a great deal of gratitude and are delighted that he will keep to be bachelor as an of import resources to the supervisory board in the time to come."

Vutz'southward long-time colleague on the management board, Peter Steinbeck, who is also responsible for sales and service, will become the new chief executive officer effective January ane, 2021. With this step, the company that celebrated its 150th-anniversary last year has ensured continuity in its management team. The transition has been in the works for a long time. Dr Falco Paepenmüller was promoted internally in 2019, and the recent addition of Martin Schulteis last month completed the new squad.

The company will continue its current strategic course. "Nosotros are pursuing a long-term corporate strategy that will remain in place. This includes a potent focus on technology at our headquarters in Lengerich, an first-class components manufacturing plant in the Czechia, and worldwide subsidiaries close to our regional customers. I expect forward to the new responsibilities as main executive officer and to working together with my colleagues on the lath and the entire West&H team," said Steinbeck.

Windmöller & Hölscher, a family-owned company, is globe leader for machinery and systems for the manufacturing and converting of flexible packaging. The product portfolio includes high-performance machines for moving picture extrusion, printing, and converting. As a global company, West&H offers its clients everything from a single source: from skillful consultation and engineering to the commitment of loftier-quality machines and complete packaging production lines. Approximately three,100 employees create optimal solutions for the individual product tasks of flexible packaging producers – bringing the corporate philosophy "Passion for innovation "to life. Machines past Windmöller & Hölscher are in use in over 130 countries and by more than 5,000 customers.

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