Effective July 1, 2021 Paul Walach has become Managing Director of Reifenhäuser Cast Sheet Coating together with Karsten Kratz. With this move, the Reifenhäuser Group business unit specializing in cast film, sheet and extrusion coating lines introduces a generation change at executive management level. Bernd Reifenhäuser, CEO of the Reifenhäuser Group, explains: "We are placing young executives in charge but with experienced executives to flank them. This makes for a good mix of know-how, diversity, and stability."

Paul Walach (37) holds a doctorate in mechanical engineering and has already worked successfully for the Reifenhäuser Group in various positions over a period of seven years - the last three of them as technical director of Cast Sheet Coating. Karsten Kratz, in addition to his function as CFO of the Reifenhäuser Group, was the sole Managing Director of Cast Sheet Coating until recently.

"Personally, continuing along our current track of growth represents a motivation as well as a responsibility," explains Paul Walach. "In the future we will focus on combining our expertise in special machine tool manufacturing with field-proven components from our modular system and deliver clever solutions on the themes of the circular economy and digitalization. To achieve this, we keep close contacts with film manufacturers. We are very much looking forward to transforming their current challenges into opportunities for the future."