Management change in the M+W Group
As of 31 December 2013, a change of management is due to take place at the international engineering and construction company, M+W Group. After six years as Chief Executive Officer (CEO), Jürgen Wild will be leaving the company upon expiry of his contract at the end of this year. As of 1 January 2014, the new CEO of the M+W Group will be Dr. Olaf Berlien. At the same time, the management team will be expanded at the turn of the year to include the position of Chief Operating Officer (COO). From 1 January, this assignment will be taken over by Dr. Herbert Demel. Dr. Hannes Rosenthaler will continue to be responsible for the finance department as Chief Financial Officer (CFO).
“I would like to thank Mr. Wild for successfully steering the M+W Group through six years of change. Under his management, the M+W Group has achieved strong growth, establishing itself as a high-performance global EPC player,” commented Georg Stumpf, Supervisory Board Chairman of the M+W Group in response to Jürgen Wild´s departure.
Dr. Olaf Berlien has headed the Technologies Division at ThyssenKrupp AG in Essen and as a member of its Executive Board, he was responsible for the elevator, plant engineering, marine systems and automotive sectors. While holding this position, Dr. Berlien developed the Technologies Division to become ThyssenKrupp AG´s most successful field of operation, ultimately contributing revenue of 18 billion euros and earnings of 1.8 billion euros.
Dr. Herbert Demel last held the position of Chief Strategy Officer at Magna International, one of the world´s largest automotive component suppliers. Prior to this, he was, among others, CEO of Audi AG in Ingolstadt and also CEO and President of Volkswagen do Brasil in Sao Paulo.
“I am delighted that with Dr. Berlien and Dr. Demel, we are able to welcome two globally successful and widely-recognised managers. They have demonstrated that they are not only capable of heading international technology enterprises, but also of expanding and managing such companies on a profitable basis,” continued Georg Stumpf.
The M+W Group, which has its headquarters in Stuttgart, is one of the global leaders in the field of high-tech engineering. With some 8,000 employees, the company generated revenue of approx. 2.4 billion euros in 2012 and is regarded as both the market and technology leader in a large number of sectors.
About the M+W Group (www.mwgroup.net): M+W Group is a leading global engineering, construction and project management company in the fields of Advanced Technology Facilities, Life Science & Chemicals, Energy & Environment Technologies and High-Tech Infrastructure. From concept development to turnkey services, the company manages projects of all sizes ensuring rapid realization, high quality and safety standards and cost-effective completion. With its competencies to link process and automation technologies and complex facilities to integrated solutions, M+W Group primarily focuses on leading companies in the fields of electronics, photovoltaics, life science, chemicals, energy, automotive, security and communication, as well as research institutes and universities. M+W Group GmbH is the holding company with headquarters in Stuttgart, Germany. The Group, which employs more than 8,000 employees, generated an order intake of 3.58 billion euros and revenues of 2.38 billion in 2012. In the same year the company celebrated its 100th anniversary. M+W Group is owned by the Austrian Stumpf Group which is globally successful in the areas of High-Tech Engineering, Smart & Renewable Energy, Real Estate and Technology Investments.
M+W Group GmbH
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