Next generation takes charge at Austria’s Miba AG
January 30, 2013
Miba AG, headquartered in Laakirchen, Austria, has announced key changes to its Management Board. As of July 1, 2013, Chairman of the Management Board Peter Mitterbauer (70) will resign from the Management Board and will pass on the chairmanship to his son, F. Peter Mitterbauer (37).
F Peter Mitterbauer will take over the position of
Chairman of the Management Board from his father
(courtesy Miba)
This will be the third generation of the Mitterbauer family to take the helm since the company was established in 1927.
“Now, at the age of 70, the right moment for this change has come. We have prepared a long time for this, and I have absolute confidence in the new and top-class Management Board team,” stated Peter Mitterbauer.
F. Peter Mitterbauer studied engineering economics and mechanical engineering at the Vienna University of Technology and graduated from the MBA program Insead in Fontainebleau and in Singapore. After gathering five years of solid experience at other international companies, he joined Miba in 2006.
Following a year long deployment at the Miba site in China (Suzhou) and serving as Managing Director Sales & Marketing for three years in the Friction Group, F. Peter Mitterbauer has held responsibility on the Management Board for the friction business since 2011, as CEO of the Friction Group.
“The business that my grandfather established and that my father consistently expanded over the last decades is truly remarkable. It is a great challenge and a unique responsibility to continue this success and to advance the development of our company for the next generation,” stated F Peter Mitterbauer.
The restructured Management Board team of
Miba AG (left to right) F Peter Mitterbauer,
Wolfgang Litzlbauer, Harald Neubert, Markus Hofer
(courtesy Miba)
Also effective from July 1, 2013, Markus Hofer (41), Vice President Corporate Finance since October 2011, will be appointed Chief Financial Officer. On the Management Board of Miba AG, he will assume full responsibility for Corporate Finance, IT, Business Excellence, and the Internal Control System.
Board Member Norbert Schrüfer will depart from the Management Board of Miba AG when his contract expires on January 31, 2013, concurrently with the planned size reduction of this corporate body. He remains CEO of the New Technologies Group and will serve as Vice President Innovation & Technology.
As of July 1, 2013, Miba AG will be headed by a four-member Management Board, composed as follows:
- F. Peter Mitterbauer: Chairman of the Management Board, responsible for the New Technologies Group and Strategy; Human Capital; Controlling; Technology & Innovation; Communications
- Wolfgang Litzlbauer: Vice Chairman, responsible for the Bearing, Friction and Coating Groups; Purchasing
- Harald Neubert: responsible for the Sinter Group; Quality
- Markus Hofer: Chief Financial Officer responsible for Corporate Finance; IT; Business Excellence; Internal Control System.
Posted by: Paul Whittaker, Editor ipmd.net, [email protected]
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