The Supervisory Board of Putzmeister announced that Martin Kn?tgen will take up the chairmanship of the Executive Board on a provisional basis, and will assume the role of CEO of Putzmeister Holding. He will perform the new role in addition to his role as CEO for Sany Europe.

This announcement is following the termination of the contract with Dr. Karch by mutual consent. Following almost nine years as Managing Director of Putzmeister, Dr. Karch sees his task as fulfilled, after he assumed the role of CEO in 2013 at a time when the company was in a difficult economic situation.

Dr. Danninger, who has been acting as CFO of Putzmeister Holding since June 2017, will continue to manage the financial section, which also incorporates the IT Department. The company also announced the inclusion of three new members on the Executive Board of the Putzmeister Group. Matthias Ruppel will be responsible for the Global Operations Division and Markus Hofheinz will assume responsibility for Global Sales/Dealer Steering, each in addition to their previous duties. Dr. Xiangyang Jiang will be given responsibility for compliance, strategy and business development