Change of CEO at the KraussMaffei Group as of January 1, 2023
2022-12-09
At its November 29 meeting, the KraussMaffei Group (KMG) Supervisory Board acknowledged with approval CEO Dr. Michael Ruf's personal request not to extend his contract, which expires at the end of March 2023, and named Mr. Li Yong as his successor. Since 2018, KraussMaffei Group GmbH has been part of KraussMaffei Company Limited, a stock corporation listed on the Shanghai Stock Exchange. Majority shareholder is Sinochem, one of the world’s leading chemical conglomerates.