The Engel Group, a manufacturer of plastic injection molding systems headquartered in Schwertberg, Austria, has appointed Markus Richter as chief financial officer. He succeeds Klaus Siegmund, who left Engel in March.

Markus Richter has more than 25 years of experience in commercial management roles. As chief financial officer (CFO) at Engel, he will be responsible for the fields of finance, human resources and IT and will head the operational business of the group together with Dr Stefan Engleder (CEO), Dr Christoph Steger (CSO) and Joachim Metzmacher (CPO).

‘We are pleased to have found in Mr Richter an acknowledged expert in international finance who also has experience in human resources and global IT projects,’ said Dr Birgitte Engleder, chairwoman of the supervisory board of the Engel Group.

Klaus Siegmund was a member of the Board of Directors for two years, during which extensive investments were made in the expansion of sites and the workforce increased considerably worldwide. ‘Mr Siegmund helped drive the expansion in our business with great dedication. We would like to thank him warmly for this,’ said Dr Engleder. ‘We wish Mr Siegmund all the best for his professional and personal future.’

This story is reprinted from material from Engel, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.