October 16, 2017 - The CEO of Schuler AG, Mr. Stefan Klebert, is not extending his contract and will leave the company by mutual consent on expiry of April 24, 2018, the day of the Annual Shareholders’ Meeting.

Stefan Klebert joined Schuler AG as CEO on October 1, 2010 and has significantly developed the Schuler Group during his period of office so far and greatly improved the Group’s competitiveness as well as its profitability and liquidity situation. In the world’s most important growth markets for forming technology, China and North America, Schuler has significantly strengthened its market position by means of acquisitions and organic growth. “After eight years at the head of our company, I would now like to take up new career opportunities,” explained Stefan Klebert in Göppingen.

The Chairman of the Supervisory Board, Dr. Wolfgang Leitner, thanks Mr. Klebert on behalf of the entire Supervisory Board for the many years of successful cooperation and wishes him all the best for the future. 

Mr. Klebert will be succeeded by Domenico Iacovelli. With effect from November 1, 2017, he was appointed by the Supervisory Board as a further member of the Executive Board and Deputy CEO. He will take over as the new CEO of Schuler AG after the Annual Shareholders’ Meeting 2018. Domenico Iacovelli is currently the Managing Director of ANDRITZ Soutec, based in Neftenbach, Switzerland, as well as Managing Director of Schuler Automation.