Wolftank Group announces new CEO as leadership shifts

On Tuesday, Wolftank Group (VIE:WOLFT ) AG (ISIN: AT0000A25NJ6) announced a significant realignment of its Executive Board's responsibilities. Peter Werth, a key figure in the company for a decade, will conclude his tenure on the Executive Board on December 31, 2024. Werth will pass on his operational duties to the existing management team, which has demonstrated strong performance over the years. This transition is designed to maintain the high level of expertise and continuity necessary for the company's strategic initiatives.

Werth, as a founding shareholder and the Chairman of the Strategy Advisory Board, will remain actively involved in shaping Wolftank Group's strategic direction. The Supervisory Board met today to finalize the redistribution of roles within the Executive Board, leading to the appointment of a new CEO.

Simon Reckla, a current member of the Executive Board, is set to take the helm as CEO starting January 1, 2025. Reckla, who has been with the company since October 2022, brings a wealth of experience from his international assignments and various management roles at Palfinger, a renowned crane manufacturer. He joined the Executive Board in July 2023 and is now poised to lead Wolftank Group into its next phase of growth and development.

Christian Pukljak, the Chief Financial Officer (CFO), will continue to oversee the financial aspects of the Group. His ongoing role ensures stability in the company's financial management as the leadership transition unfolds.

The strategic realignment of the Executive Board comes at a time when Wolftank Group is fortifying its position as a leading provider of environmental and energy solutions. With these changes, the company reaffirms its commitment to leveraging its leadership expertise to drive future success.

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Source: Investing.com