New management team appointed at the Springs & Stabilizers business unit

From July 1, Mario Gropp, currently Chief Executive Officer (CEO) of the camshaft plant in Ilsenburg and Head of Operations of BU Camshafts, will take over as CEO of the BU Springs & Stabilizers (BU SP) until further notice. Timo Krutoff, Chief Financial Officer (CFO) of BU Damper, will additionally take on the position of CFO of BU SP on an interim basis. Dr. Alexander Gulden will complete the newly established management team as Chief Operating Officer (COO).

Matthias Koll, the current CEO/CFO of BU SP, will hand over his duties to the new management team and will resign from the management of BU SP by mutual agreement at the end of the month.