EQS-News

DEUTZ AGM: Broad support for strategy adopted by Board of Management and Supervisory Board – new CEO of Green segment introduced - Seite 2

 

DEUTZ also used the Annual General Meeting to announce that Bert van Hasselt has been newly appointed as the Green segment’s first CEO and will be responsible for the targeted development of alternative drives. The decision follows the restructuring of the segment that was initiated last year. Now that Green has a more independent organizational structure, it should be able to align its development activities even more closely with the market and the needs of customers and ultimately enable this business to operate profitably too.

“Electric drives have a role to play in smaller machines and we have we have positioned ourselves well in this area in recent years. But it is becoming increasingly clear that many of the machines that we supply drives for will not be able to operate without an internal combustion engine, even in the future. We should acknowledge this and focus on the areas in which we as DEUTZ have experience and a head start on our competitors,” says DEUTZ CEO, Dr. Sebastian Schulte. “We are delighted to welcome Bert van Hasselt as the Green segment’s CEO. Not only does Bert know DEUTZ extremely well, but he has proven his ability to shape change, while maintaining a focus on sales and customer-centricity, across more than 25 years in management in the engineering and commercial vehicle sectors. Bert will continue the strategic realignment of the Green segment with great success.”

Detailed information about the virtual Annual General Meeting and the results of the voting on the individual agenda items are available on the DEUTZ website at www.deutz.com/en/investor-relations/annual-general-meeting/2024/.
 

For further information on this press release, please contact:

Mark Schneider Head of Investor Relations, Communications, & Marketing Tel: [phone] Email: [e-mail]

 

About DEUTZ AG

DEUTZ AG, a publicly traded company headquartered in Cologne, Germany, is one of the world’s leading manufacturers of innovative drive systems. Its core competencies are the development, production, distribution, and servicing of drive solutions in the power range up to 620 kW for off-highway applications. The current portfolio extends from diesel, gas, and hydrogen engines to all-electric drives. DEUTZ drives are used in a wide range of applications including construction equipment, agricultural machinery, material handling equipment such as forklift trucks and lifting platforms as well as commercial and rail vehicles. With over 5,000 employees worldwide and around 1,000 sales and service partners in more than 120 countries, DEUTZ generated revenue of over €2.1 billion in the 2023 financial year. Further information is available at www.deutz.com.