The Engel Group Austria, has appointed Markus Richter as CFO (Chief Financial Officer) with effect from May 1, 2017. He succeeds Klaus Siegmund, who left Engel in March.

Markus Richter has more than 25 years of experience in commercial management roles in globally successful companies in the industrial, energy, transportation and personnel services sectors. As CFO at Engel, Markus Richter, who holds a master degree in commerce, will be responsible for the fields of finance, human resources and IT and will head the operational business of the group together with Stefan Engleder (CEO), Christoph Steger (CSO) and Joachim Metzmacher (CPO).

“We are pleased to have found in Richter an acknowledged expert in international finance who also has experience in human resources and global IT projects”, says Birgitte Engleder, chairwoman of the supervisory board of the Engel Group.

The previous CFO Klaus Siegmund left the company in March in agreement with the supervisory board of the Engel Group. He was a member of the board of directors for two years, during which extensive investments were made in the expansion of sites and the workforce increased considerably worldwide. “Siegmund helped drive the expansion in our business with great dedication. We would like to thank him warmly for this”, says Engleder. “We wish Siegmund all the best for his professional and personal future”.