VM
Tags

Guill multi productsbanner smartextrusion basket

Starlinger viscotec Banner1 368x250 2201 ExtrusionInternational RZ

Ye I 202301 EXI Banner 368x420pxi 02

New Issue

CPS23 VMVerlag 368x120px EN

EMP23 VMVerlag 368x120px EN

AOG23 banner 368x120 eng Smart Extrusion

Логотип сайта
Change of CEO at the KraussMaffei Group in the upcoming year

Change of CEO at the KraussMaffei Group in the upcoming year

News 30.11.2022
new Ceo
Mr. Li Yong

At its November 29 meeting, the KraussMaffei Group (KMG) Supervisory Board acknowledged with approval CEO Dr. Michael Ruf's personal request not to extend his contract, which expires at the end of March 2023, and named Mr. Li Yong as his successor. Since 2018, KraussMaffei Group GmbH has been part of KraussMaffei Company Limited, a stock corporation listed on the Shanghai Stock Exchange. Majority shareholder is Sinochem, one of the world’s leading chemical conglomerates.

Ruf will remain KMG Management Board Chairman and CEO until December 31, 2022, with his responsibilities transferred to Li on January 1. Until his contract's expiration on March 31, 2023, Ruf will continue to work to ensure a comprehensive handover and a smooth transition. He will also remain involved in some ongoing projects.

Ruf has been a member of the KMG Management Board since April 2019, initially as Chief Operating Officer and, since April 2020, as CEO for KMG and for KraussMaffei Company Limited.

New CEO Li Yong has been with Sinochem for nearly two decades in a variety of executive, operational and project management positions. Having spent a third of his career abroad, he has intensive intercultural cooperation experience. He has already been involved in KraussMaffei's business since June 2022.

Supervisory Board Chairman Bai Xinping said "Dr. Ruf has successfully steered KraussMaffei with a sure hand through some unprecedented challenges in recent years. He has also significantly developed the company and comprehensively modernized its processes, technology, strategy and site development. His committment to KraussMaffei's future is greatly appreciated. The shareholders and the Supervisory Board thank Dr. Ruf for his commitment and wish him all the best for the future."

"After four eventful years with KraussMaffei, now is the right time to pass the baton onto my successor," said Ruf. "I am very proud that together with the shareholders we have succeeded in positioning KraussMaffei for a better future. I would like to thank the employees for their contribution and their representatives from the works council for their trust during the transformation. And I would like to thank my colleagues for the time we spent together, as well as the Supervisory Board and the shareholders for their support."

Mr. Li said, "I am very much looking forward to my new role at KraussMaffei and to working with my new colleagues. Dr. Ruf has decisively driven KraussMaffei's transformation and set an important course for the future, for which I am very grateful. Together with our main shareholder Sinochem, KraussMaffei is now ready for the next step. We will expand KraussMaffei's technological lead and continue to drive forward the company's internationalization. I am convinced that with our teams' commitment, together we will write the next chapter in the company's distinguished history."

sm242x60

IPTF242x60

Extrusion-International 242x60

Our website makes use of cookies to ensure we give you the best experience on our website.
By continuing browsing on our website you give your consent to our use of cookies.