Dr. Walter Bickel ends his tenure

Dr. Walter Bickel, Chief Operating Officer (COO) of KUKA AG, left the Executive Board effective December 31, 2010.

January 4, 2011

Walter Bickel, who worked for many years as a business consultant and is an experienced restructuring specialist, became a member of the KUKA AG Executive Board on November 17, 2009. His primary responsibility was implementing and further developing the company's ongoing cost reduction program. The execution of the program in 2010 led to a sustainable improvement in the Group's organizational structures and a significant drop in overhead costs.

Dr. Till Reuter, CEO of KUKA AG, thanks Dr. Bickel for his valuable contribution to the company’s restructuring. “Dr. Bickel's years of experience helped implement the cost reduction program and provided our company with vital impetus. On behalf of the Supervisory Board and the Executive Board, we extend our express thanks and wish him the best of success in his future professional endeavors.”

As of January 1, 2011, the KUKA AG Executive Board consists of Dr. Till Reuter as the Chairman (CEO) and Stephan Schulak as the Financial Director (CFO).

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