KSB’s Administrative Board Announces Extension of Managing Directors’ Contracts
Dr Stephan Bross, Dr Matthias Schmitz, Ralf Kannefass and Dr Stephan Timmermann will form KSB's management team until 2027. (Image source: KSB SE & Co. KGaA)
“This Management team has done an exceptional job over the years and has taken KSB to a new level despite the challenging conditions,” says Dr Harald Schwager, Chair of the Administrative Board. “We are delighted that we can ensure the successful implementation of KSB’s corporate strategy and the company’s further development thanks to continuity in KSB’s Management.”
The four-strong Group Management team has been responsible for KSB’s positive development over the last eight years. Under its leadership, KSB’s workforce has increased the company’s sales revenue by over 30 percent, tripled its profit (EBIT) and quadrupled its market capitalisation. Last year’s employee survey showed that KSB employees are more engaged than ever.
As CEO, Stephan Timmermann’s areas of responsibility include KSB SupremeServ, Strategy and Human Resources. CTO Stephan Bross is responsible for driving Production, Research & Development and Digital Transformation. As CSO, Ralf Kannefass is in charge of Sales and Marketing. CFO Matthias Schmitz is responsible for Finance, IT and Procurement at KSB.
Source: KSB SE & Co. KGaA
