Hashtag
Men's Weekly

DEUTZ AG: Supervisory Board of DEUTZ AG extends term of appointment of CEO Dr. Sebastian C. Schulte by five years

COLOGNE, GERMANY - EQS Newswire - 19 January 2023 - The Supervisory Board of DEUTZ AG today decided on the early extension of the term of appointment of CEO Dr. Sebastian C.

Schulte. He has now been appointed for a further five years, with his new term of office running until December 31, 2028.

Dr. Dietmar Voggenreiter, Chairman of the Supervisory Board of DEUTZ AG: "Following on from the new appointments to the Board of Management at the end of last year, this is another key step in preparing DEUTZ for the challenges of the future. The encouraging business performance over the course of 2022 proves that we are on the right track. Extending the term of appointment ensures stability for the Board of Management. I look forward to continuing our constructive and successful working relationship."

Dr. Schulte has been a member of the Board of Management since January 1, 2021, and CEO of DEUTZ AG since February 12, 2022. Under his leadership, the Group successfully launched the Powering Progress strategy program last year. Its objective is to prepare the Group for the transformation of the transport sector, to further expand the service business, and to grow in the classic engine business.

The issuer is solely responsible for the content of this announcement.

About DEUTZ AG

DEUTZ AG, a publicly traded company headquartered in Cologne, Germany, is one of the world's leading manufacturers of innovative drive systems. Its core competencies are the development, production, distribution, and servicing of drive solutions in the power range up to 620 kW for off-highway applications. The current portfolio extends from diesel, gas, and hydrogen engines to hybrid and all-electric drives. DEUTZ drives are used in a wide range of applications including construction equipment, agricultural machinery, material handling equipment such as forklift trucks and lifting platforms, commercial vehicles, rail vehicles, and boats used for private or commercial purposes. DEUTZ has around 4,750 employees worldwide and over 800 sales and service partners in more than 130 countries. It generated revenue of around €1.6 billion in 2021.

Further information is available at .

Business News

How Activated Carbon Works to Remove Impurities from Water and Air

Activated carbon is widely used in filtration systems due to its ability to remove contaminants from both water and air effectively. Many industries and households rely on James Cumming Australian A...

Hashtag.net.au - avatar Hashtag.net.au

Compressed Air Pipe and Fittings: The Definitive Guide to Designing and Specifying a High-Performance Industrial Air System

Compressed air is the invisible workhorse of Australian industry. In manufacturing plants, automotive workshops, food processing facilities, mining operations, and construction sites across the coun...

Hashtag.net.au - avatar Hashtag.net.au

Top 7 Remote Work Ideas for Professionals in Australia

Flexible employment has quickly become a defining feature of modern careers in Australia. Many professionals prefer remote work to have better control over their schedules. Businesses have also realis...

Hashtag.net.au - avatar Hashtag.net.au

How Condition Based Monitoring Improves Reliability in Industrial Equipment

Modern industrial operations rely on complex machinery and systems that must operate continuously under demanding conditions. From manufacturing facilities to energy plants and hydraulic systems, equi...

Hashtag.net.au - avatar Hashtag.net.au

Why Pipe Floats Are Important for Supporting Floating Pipeline Infrastructure

Many industrial sectors rely on floating pipeline systems to transport fluids, slurry, or sediment across water surfaces. Industries such as dredging, mining, wastewater management, and marine constru...

Hashtag.net.au - avatar Hashtag.net.au

Why Mining Hose Systems Are Essential for Heavy-Duty Industrial Applications

Mining and heavy industrial operations require specialised equipment capable of handling demanding environments. The movement of abrasive materials, slurry mixtures, and large volumes of water places ...

Hashtag.net.au - avatar Hashtag.net.au

Health & Wellness

Specialist Disability Accommodation Explained: What It Is, Who Qualifies, and How to Access It in Perth

Hashtag.net.au - avatar Hashtag.net.au

For many Australians living with significant disability, the question of where to live — and how to live there safely and comfortably — is one of the most important and most complex they will ever f...

How Smart Site Managers Source Wholesale Medical Supplies to Keep Their Teams Safe and Compliant

Hashtag.net.au - avatar Hashtag.net.au

If you're running a construction site, a civil project, or a trade-based operation anywhere in Australia, first aid preparedness probably sits somewhere near the bottom of your planning checklist — ...

Experience ultimate comfort: the health benefits of an adjustable bed and mattress

Hashtag.net.au - avatar Hashtag.net.au

Imagine waking up each morning feeling truly refreshed, without the usual aches and stiffness. For many, a traditional flat bed can fall short in providing the tailored support needed for optimal rest...