Miba creates Executive Committee, plans new corporate strategy

January 6, 2021

Miba AG, a leading manufacturer of PM parts for the automotive industry, is creating a new Executive Committee as part of the development of its new corporate strategy (Courtesy Miba AG)

Miba AG, Laakirchen, Austria, will create an Executive Committee as it seeks to develop and implement its new corporate strategy, Miba 100, for the period up to the company’s 100th anniversary in 2027. Miba 100 follows on from the previous corporate strategy, Miba 2020 – Dynamic Evolution, which will be completed in the 2020/21 financial year.

The new Executive Committee will serve as the highest operational management body within the company and its members will be current Miba board members F Peter Mitterbauer, Markus Hofer and Martin Liebl; as well as Christoph Ederer, who will be responsible for the company’s Bearing division following Wolfgang Litzlbauer’s departure in July; Bernd Badurek, who will take over responsibility for the company’s Sinter division when Harald Neubert retires in February; and Bernhard Reisner, its HR director.

The new Executive Committee of Miba. From the left: F Peter Mitterbauer, Markus Hofer, Martin Liebl, Bernd Badurek, Christoph Ederer, and Bernhard Reisner (Courtesy Miba AG)

With the new Miba 100 strategy, the company stated that it primarily seeks to determine how it wants to use the trends of decarbonisation and digitisation and grow in the process. The consequences of the coronavirus (COVID-19) pandemic for society, markets and technologies are also being taken into account. Meanwhile, the company’s corporate mission, ‘Technologies for a cleaner planet’, will continue to be the driving force of its strategy.

No changes are planned for Miba’s individual divisions and locations and their employees through the implementation of the Executive Committee. The new structure is expected, however, to provide a number of advantages such as closer proximity to markets, customers and technologies, and flatter hierarchies. Miba believes that this will make it possible to take advantage of future opportunities faster, with greater agility and to greater success.

www.miba.com

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