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NETZSCH Group recently announced that Otto Max Schaefer, Ph.D., has resigned as chairman of Erich NETZSCH GmbH & Co. Holding KG, as of December 31.
Schaefer has led the NETZSCH Group as a managing director and president since 2004, and as the company’s chairman since 2010. He was particularly responsible for the successfully implemented restructuring program of the NETZSCH Group, the strategic development and the M&A transactions. After the passing of Thomas Netzsch, Schaefer continued to run the family company in his tradition, steadying it during transition and securing the company’s path for the future.
Schaefer reportedly remains connected to the company as a shareholder and will continue to use his strategic expertise in the future for the benefit and success of the NETZSCH Group. An expert and experienced manager is to be appointed as the new chairman, with the appointment finalized in the coming weeks.
For additional information, visit www.netzsch.com.