The German provider Mahle has shaken up its administration staff, naming Arnd Franz, presently head of parts-maker LKQ Europe, as CEO and selling Markus Kapaun to CFO from head of finance and accounting Europe, the corporate mentioned Monday.
Franz’s place was most not too long ago held by Matthias Arleth, who was appointed CEO in October 2021 however left the corporate in April of this 12 months. His appointment is one thing of a homecoming: Franz had labored at Mahle for 18 years earlier than leaving to run LKQ Europe in 2019.
Kapaun succeeds Michael Frick, who on Monday was introduced as CFO of ZF Friedrichshafen, changing Konstantin Sauer. He begins in his new position Dec. 1.
The transition to electrification at Mahle, recognized for making internal-combustion engine elements equivalent to pistons, has led to friction between administration and unions.
With the appointment of Franz, who begins Nov. 1, Mahle can have had three CEOs in lower than two years, with intervals of a number of months during which an interim chief govt led the corporate.
Joerg Stratmann, who took the place in 2018, resigned on March 31, 2021, beneath stress from unions after saying restructuring plans in 2020 that included slicing 7,600 jobs, together with 2,000 in Germany.
Stratmann was changed by Arleth, an govt at sunroof-maker Webasto, who began on Jan. 1 of this 12 months. But he left after simply 4 months “by mutual agreement,” the corporate mentioned. His place was briefly crammed by Frick beginning in May.
Franz, a local of Stuttgart who holds a level in enterprise administration, began his profession in 1992 with Deutsche Industrie-Holding, and labored at different corporations together with TEV, Erlensee and Magna Seating Systems. He joined Mahle in 2001 as managing director of Mahle Tennex North America. He joined the administration committee in 2006, accountable for aftermarket, and the administration board in 2013, accountable for gross sales and engineering functions and aftermarket.
Kapaun, additionally a local of Stuttgart, joined Mahle as a trainee in 2003. His administration posts included head of controlling at Mahle South America; vice chairman finance, accounting, IT and authorized affairs North America in Farmington Hills, Michigan. Kapaun was named to his present put up in 2020.
Source: europe.autonews.com
