Miba AG has confirmed that F Peter Mitterbauer began his new role as Chairman of the Management Board on July 1, 2013. The move, announced earlier this year, sees F Peter Mitterbauer succeed his father Peter Mitterbauer as head of the Austrian technology group.
As Chairman of the Management Board F Peter Mitterbauer is now responsible for the New Technologies Group, Strategy, Human Capital, Controlling, Innovation & Technology and Communications.
“My goal is to further strengthen the position of the Miba Group as a technology group,” stated F Peter Mitterbauer. The new CEO of the Miba Group feels that even though the company has consistently widened its range of products in the past years, it is still too often viewed as a classic automotive industry supplier. “At 40%, the passenger vehicle sector is still the main contributor to total sales and remains the company’s mainstay, however, other business areas such as construction equipment, energy (power plants, power transmission) and the production of special machinery are becoming more and more important.”
Mitterbauer claims that internationalisation, innovation and technology are at the top of his priority list. “We develop – also in close cooperation with our customers – products and solutions for tomorrow and beyond. To push forward our goal of profitable growth, we need to be close to our customers and act internationally. That is why I want to win, develop and keep the best employees for Miba.” Mitterbauer is convinced that this strategy will make it possible to achieve the Group’s 2015 goal of EUR 750 million in sales.
The generation change means that Peter Mitterbauer, after more than 30 years leading the company, will withdraw from operative business. Both father and son view this changeover as a smooth, well-prepared evolution and not a rushed decision: “Of course, I have a different style than my father, but we both have the same basic understanding of company leadership. We definitely want to maintain the longstanding Miba virtues – customer focus, commitment to innovation and a bold decision making culture,” stated F. Peter Mitterbauer.
As of July 1, 2013, the Miba AG Management Board will have a total of four members. In addition to F Peter Mitterbauer, Wolfgang Litzlbauer is now Vice Chairman of the Management Board, responsible for the Miba Bearing Group, the Miba Friction Group, the Miba Coating Group and Purchasing, while Harald Neubert heads up the Miba Sinter Group and is also responsible for central quality assurance. The latest member is Markus Hofer, who as Chief Financial Officer is responsible for Corporate Finance, IT and Business Excellence.