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Home > News > Corporate News

Management changes at KraussMaffei Group, new CEO appointed

Source：Adsale Plastics Network Date ：2024-01-16 Editor ：RC

Copyright： This article was originally written/edited by Adsale Plastics Network (AdsaleCPRJ.com), republishing and excerpting are not allowed without permission. For any copyright infringement, we will pursue legal liability in accordance with the law.

The Supervisory Board of the KraussMaffei Group announced the reorganization of management in the Group. Changes includes:

Previous Chairman of the Supervisory Board, Chi Zhang, was appointed as the new CEO with effect from January 10.
The previous CEO, Yong Li, will take on the newly created position of Chief Administrative Officer. His responsibility will include Corporate HR, IT and Audit.
Shihao Yang from the top management of KraussMaffei’s main shareholder Sinochem will head the Supervisory Board.
The Group’s Management Board also changes, which will be increased to three members. Jörg Bremer remains a member of the Management Board as Chief Financial Officer.

KraussMaffei new CEO_Chi Zhang_480.png

New CEO of the KraussMaffei Group, Chi Zhang.

The new CEO, Chi Zhang, has been with Sinochem for more than two decades in a variety of executive, operational and project-related management positions. Since the end of 2022, he has been the Chairman of China National Chemical Equipment Company (CNCE), a Sinochem Holdings company and owner of the KraussMaffei Group.

“With our new, further strengthened management team, the support of our main shareholder Sinochem and the many committed and highly competent colleagues in Germany and around the world, we have the best prerequisites to put KraussMaffei back on the road to success,” commented Chi Zhang.