Windmöller & Hölscher, Lengerich, Germany, has announced several key managerial staff promotions. Dr Jürgen Vutz, CEO and managing partner since 2001, will join the company’s supervisory board with effect from 1st January 2021. The position of CEO has been handed to Peter Steinbeck, also a managing partner and currently CSO, responsible for sales and service. As of January 2021, the management board will comprise Peter Steinbeck (CEO and head of sales & service), Dr Falco Paepenmüller (CTO) and Martin Schulteis (CFO).

Both Vutz and Steinbeck were appointed to the management board of the family-owned company in 1999. Two years later, Vutz took over as CEO. In the course of his more than 22 years on the board, he has had a decisive influence on the company.

During this time, W&H has grown significantly through its continuous focus on market demands and the development of the company. Sales grew from some €300 million in 1999 to over €900 million in 2019 and the number of employees has increased from around 2100 to 3100.

On behalf of all shareholders, Adelheid Windmöller, majority shareholder, expressed special thanks. "In the more than 20 years of his successful career, Dr Vutz has been more than just CEO, he has become part of our family business. We owe him a great deal of gratitude and are delighted that he will continue to be available as an important resource to the supervisory board in the future".

With this step, the company, which celebrated its 150th anniversary last year, has ensured continuity in its management team. The transition has been planned for a long time. Dr Falco Paepenmüller was promoted internally in 2019 and the recent addition of Martin Schulteis last month completed the new team.

The company will continue its current strategic course. "We are pursuing a long-term corporate strategy that will remain in place. This includes a strong focus on technology at our headquarters in Lengerich, an excellent components manufacturing plant in the Czech Republic and worldwide subsidiaries close to our regional customers. I look forward to the new responsibilities as CEO and to working together with my colleagues on the board and the entire W&H team", said Steinbeck. www.wuh-group.com

 

From the left: Martin Schulteis, Dr Jürgen Vutz, Dr Falco Paepenmüller and Peter Steinbeck
 

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