RCS - Deutz AG - Supervisory Board extends term of appointment

Deutz AGAnnouncement

19/01/2023 08:15

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RNS Number : 1906N  Deutz AG  18 January 2023

EQS-News: DEUTZ AG / Key word(s): Personnel

DEUTZ AG: Supervisory Board of DEUTZ AG extends term of appointment of CEO
Dr. Sebastian C. Schulte by five years

18.01.2023 / 17:00 CET/CEST

The issuer is solely responsible for the content of this announcement.

The Supervisory Board of DEUTZ AG today decided on the early extension of the
term of appointment of CEO Dr. Sebastian C. Schulte. He has now been appointed
for a further five years, with his new term of office running until December
31, 2028.

Dr. Dietmar Voggenreiter, Chairman of the Supervisory Board of DEUTZ AG:
"Following on from the new appointments to the Board of Management at the end
of last year, this is another key step in preparing DEUTZ for the challenges
of the future. The encouraging business performance over the course of 2022
proves that we are on the right track. Extending the term of appointment
ensures stability for the Board of Management. I look forward to continuing
our constructive and successful working relationship."

Dr. Schulte has been a member of the Board of Management since January 1,
2021, and CEO of DEUTZ AG since February 12, 2022. Under his leadership, the
Group successfully launched the Powering Progress strategy program last year.
Its objective is to prepare the Group for the transformation of the transport
sector, to further expand the service business, and to grow in the classic
engine business.

For further information on this press release, please contact:

 Christian Ludwig

Senior Vice President Communications & Investor Relations
 

Tel: +49 (0)221 822 3600
 

Email: Christian.Ludwig@deutz.com (mailto:Christian.Ludwig@deutz.com)

 

 About DEUTZ AG

DEUTZ AG, a publicly traded company headquartered in Cologne, Germany, is one
of the world's leading manufacturers of innovative drive systems. Its core
competencies are the development, production, distribution, and servicing of
drive solutions in the power range up to 620 kW for off-highway applications.
The current portfolio extends from diesel, gas, and hydrogen engines to hybrid
and all-electric drives. DEUTZ drives are used in a wide range of applications
including construction equipment, agricultural machinery, material handling
equipment such as forklift trucks and lifting platforms, commercial vehicles,
rail vehicles, and boats used for private or commercial purposes. DEUTZ has
around 4,750 employees worldwide and over 800 sales and service partners in
more than 130 countries. It generated revenue of around €1.6 billion in
2021. Further information is available at www.deutz.com
(http://www.deutz.com) .

 

 

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