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The Supervisory Board of KraussMaffei appointed a new Chief Executive Officer

October 06/2011

(Krauss Maffei) -- The Supervisory Board of KraussMaffei AG, a worldwide leading manufacturer of plastic and rubber machinery and systems, appointed Jan Siebert as Chief Executive Officer (CEO) effective from January 1, 2012. He will succeed Dr. Dietmar Straub, who is managing the activities of KraussMaffei Group since April 2007 and who is leaving the company at his own request.

KraussMaffei is one of the world's leading manufacturers of machinery for processing plastics, and the only company supplying machinery covering three key technologies for the international plastics and rubber processing industries.

The KraussMaffei Group markets its products under the KraussMaffei, KraussMaffei Berstorff and Netstal brands. The KraussMaffei brand covers the whole spectrum of injection and reaction moulding technology, while KraussMaffei Berstorff specializes in extrusion solutions. The Swiss subsidiary Netstal is firmly established as a premium supplier of high-precision injection moulding machinery. Krauss-Maffei maintains a close-meshed network of over 140 subsidiaries and sales and service agencies close to customers worldwide.

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