DEUTZ supervisory board extends term of CEO Dr Sebastian C. Schulte by five years

The supervisory board of German off-highway diesel engine maker DEUTZ has extended Dr Sebastian C. Schulte's term as company CEO by another five years to 31 December 2028.
Ancillary Equipment / January 20, 2023
By Guy Woodford
DEUTZ CEO Dr Sebastian Schulte. Pic: DEUTZ

Dr Dietmar Voggenreiter, chairman of the supervisory board of DEUTZ, said: "Following on from the new appointments to the Board of Management at the end of last year, this is another key step in preparing DEUTZ for the challenges of the future. The encouraging business performance over the course of 2022 proves that we are on the right track. Extending the term of appointment ensures stability for the Board of Management. I look forward to continuing our constructive and successful working relationship."

Dr Schulte has been a member of the Board of Management since 1 January 2021 and CEO of DEUTZ since 12 February 2022. Under his leadership, the group successfully launched the Powering Progress strategy program last year. Its objective is to prepare the group for the transformation of the transport sector, to expand the service business further, and to grow in the classic engine business.

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