KUKA Aktiengesellschaft executive board membership
Dr. Till Reuter's contract as CEO extended - Peter G. Mohnen appointed as new CFO effective August 2012
16 May 2012
Augsburg, May 16, 2012 – KUKA AG's Supervisory Board has extended Dr. Till Reuter's contract and has thus ensured continuity. Dr. Reuter's term as CEO will be lengthened to five years, until April 25, 2015. Dr. Reuter successfully led the company to a position of new strength over the course of the past few years.
The Supervisory Board appointed Peter G. Mohnen, Dipl.-Kfm., (43), as the new CFO of KUKA AG. Mr. Mohnen will be given a three-year contract and will begin on August 1, 2012. Peter G. Mohnen previously held various leading positions in the controlling and accounting departments of E.ON AG and is currently CFO of E.ON Hungaria. It became necessary to appoint a new CFO as the incumbent, Stephan Schulak, will no longer be available to continue in this job.
"The extension of Dr. Reuter's contract as CEO is very important to the Group as it ensures continuity at KUKA," said Supervisory Board Chairman Bernd Minning. "At the same time, we are pleased to have gained a financial expert in Mr. Mohnen, who has already successfully demonstrated his comprehensive international experience at a large German corporation. We thank Mr. Schulak for his outstanding work, which strengthened KUKA Group and positioned it for the future."