Peter Mohnen takes over
Till Reuter resigns from Kuka's Management Board
Kuka CEO Dr. Till Reuter resigns from his position on the Executive Board prematurely in December in agreement with the Supervisory Board. Peter Mohnen takes over as interim CEO, Andreas Pabst as interim CFO.
Dr. Reuter has been Kuka' s CEO for almost ten years. He joined in 2009 and led the company out of the economic crisis. Under his leadership, the company was able to maintain its leading position in the automotive sector and continue to position itself in new markets. Together with the Kuka team, Reuter shaped the strategy for Industry 4.0, collaborative robots and growth in China.
"I am proud to have been part of Kuka for the last ten years and to have developed robotics together with the team. Robotics and automation are the key topics of the future. Good luck to the whole team. You always have my support," says Reuter.
"We want to continue to be a reliable partner for our customers, based on the expertise of our employees," said Peter Mohnen. Dr. Andy Gu, Chairman of the Supervisory Board: "On behalf of the Supervisory Board and the entire company, I would like to thank Dr. Reuter for his great efforts in successfully managing Kuka's turnaround since his takeover in 2009. Kuka is well positioned to get back on the path of sustainable growth by capitalizing on the increasing demand for intelligent robotics and strengthening its position in the Chinese market."
According to the company, all existing investor agreements that the Augsburg-based robot manufacturer has signed with Midea as majority shareholder, including the shielding agreement to protect Kuka's intellectual property, will remain unchanged. Midea expressed its support for the growth strategy, including the development of the Chinese market, the focus on research and development, investments in digitalization and Industry 4.0 as well as a strong commitment to its presence in Germany.
presence in Germany.
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