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BAUER Aktiengesellschaft: Changes in the Management Board of BAUER AG

DGAP-News: BAUER Aktiengesellschaft / Key word(s): Change of Personnel
BAUER Aktiengesellschaft: Changes in the Management Board of BAUER AG

26.09.2016 / 11:19
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Schrobenhausen - In its most recent meeting, the Supervisory Board of the
international construction and machinery manufacturing concern appointed a
new member of the Management Board of BAUER Aktiengesellschaft, Peter
Hingott. He will take up his work on October 1 and will primarily be
responsible for Group accounting, Group-wide purchasing and human
resources.

"I am really looking forward to my new role. Moving from operative business
to the Management Board represents a new challenge where the right balance
has to be struck between strategic leadership and operative management,"
says Peter Hingott. "I see this as a great opportunity to play my part in
leading the Group to a successful future."

Peter Hingott, who studied construction management, started his career at
the Group in 2006 as commercial manager of BAUER Umwelt GmbH, where he was
managing director from 2007 to 2013. He has been commercial director of
BAUER Resources GmbH since 2013 and has also been responsible for various
regions and subsidiaries in the Resources segment. Before joining Bauer, he
held numerous executive positions for an international construction concern
and spent some years abroad.

Heinz Kaltenecker, who has been at Bauer for 38 years in total, the last
six of which was spent exclusively on the Management Board of BAUER AG, is
retiring at the end of the year. "It was an unbelievably exciting time full
of variety and changes," says Kaltenecker, who has been responsible for
participations, IT, human resources, safety and environment, and quality,
risk and process management. Some of his tasks will be assumed by Peter
Hingott. Toward the end of the year, the final responsibilities and tasks
will be determined.

"With Peter Hingott, we have gained an experienced and committed successor
for the Management Board from within our ranks," says Prof. Thomas Bauer,
Chairman of the Management Board of BAUER AG. "I would like to say a
special thank you to Heinz Kaltenecker, who in all the years has been with
us in various roles and incredibly helped shape the company's development."


About Bauer

The BAUER Group is a leading provider of services, equipment and products
related to ground and groundwater. With over 110 subsidiaries, Bauer
operates a worldwide network on all continents.