DGAP-News: Wacker Neuson SE expands Executive Board

Wacker Neuson SE expands Executive Board

• Felix Bietenbeck takes on newly created position of COO
• Executive Board extended from three to four members

Munich, September 23, 2020 - The Supervisory Board of Wacker Neuson SE has appointed Felix Bietenbeck as a new member to the Executive Board effective October 1, 2020. Mr. Bietenbeck will assume the newly created position of Chief Operations Officer (COO).

The Supervisory Board has expanded the Executive Board in response to the Group's strong growth in recent years. "With our portfolio of innovative light and compact equipment, we have experienced dynamic growth over the past few years. We are delighted to win Mr. Bietenbeck to the Wacker Neuson Group, an experienced industry leader with proven operational expertise. This expansion of our Executive Board speaks to the growing number of leadership and organizational tasks required to make the most of emerging business opportunities," explains Hans Neunteufel, Chairman of the Supervisory Board of Wacker Neuson SE.

Felix Bietenbeck (55) joins Wacker Neuson following a successful international career with the Continental Group. In his most recent role, he served as Executive Vice President responsible for Vehicle Dynamics, a business unit with around 10,000 employees and more than twenty production and development locations. Before this, he held various roles at Continental based in China, Mexico and Germany. In these positions, he played a key role in successfully shaping both growth and restructuring phases.

With Mr. Bietenbeck, the Executive Board of Wacker Neuson SE now has four members. In September 2017, Martin Lehner (CEO) was appointed Chairman of the Executive Board in addition to his role as CTO and COO. From October onwards, Mr. Bietenbeck will act as COO, while Mr. Lehner will focus even more on the Group's strategic direction and the further strengthening of its innovative drive. The functions entrusted to Alexander Greschner (CSO) and Wilfried Trepels (CFO) remain unchanged. "I am delighted about the appointment of Felix Bietenbeck as his long years of experience and expertise will add great value to our company. The expansion of the Executive Board is an important step in efforts to reorganize internal Group structures, which have been underway for some months now. The aim is to align our organization even more closely with the needs of our customers, eliminate redundant structures, streamline reporting lines and give even stronger momentum to our innovative capabilities," concludes Lehner.

Contact:
Christopher Helmreich
Head of Investor Relations
Wacker Neuson SE
Preussenstrasse 41
80809 Munich, Germany
Tel.: +49 - (0)89 - 354 02 - 427
[email protected]
www.wackerneusongroup.com

About the Wacker Neuson Group:

The Wacker Neuson Group is an international network of companies, employing around 5,500 people worldwide. In fiscal 2019, the Group achieved revenue of EUR 1.9 billion. As a leading manufacturer of light and compact equipment, the Group offers its customers a broad portfolio of products, a wide range of services and an efficient spare parts service. Wacker Neuson Group is the partner of choice among professional users in construction, gardening, landscaping and agriculture, as well as among municipal bodies and companies in industries such as recycling and rail transport. The product brands Wacker Neuson, Kramer and Weidemann belong to the Group. Wacker Neuson SE shares are listed on the regulated Prime Standard segment of the Frankfurt Stock Exchange (ISIN: DE000WACK012, WKN: WACK01) and are member of the SDAX.