21-02-2012

Sulzer appoints Klaus Stahlmann as new CEO

The Board of Directors of Sulzer has unanimously appointed Klaus Stahlmann as new Chief Executive Officer of Sulzer with immediate effect. Klaus Stahlmann, 51, German, has comprehensive global experience in many of Sulzer’s key markets and a strong leadership track record.

 Klaus Stahlmann was CEO of MAN Diesel and Turbo, a leading provider of diesel engines and turbomachinery, from 2010 to 2011. In this position, he managed the successful integration of MAN Turbo and MAN Diesel into one division. From 2007 to 2009, he was CEO of MAN Turbo, and he successfully implemented a market-oriented structure and globalized the manufacturing footprint. Before joining MAN, he was Managing Director European Bearing Business Unit at the Japanese Company NSK as well as CEO of the pumps producer Allweiler. He has also held various positions at Krupp Fördertechnik. Klaus Stahlmann has comprehensive international experience. He grew up in Columbia, Bolivia, and Paraguay; worked for several years in South Africa; and also gained extensive business experience in Asia. Klaus Stahlmann studied Electrical Engineering and Business Administration at the Technical University of Darmstadt and holds a Master of Science in Industrial Engineering.

Jürgen Dormann, Chairman of the Board of Sulzer said: “The Board of Directors of Sulzer is very pleased that Klaus Stahlmann will join Sulzer as new CEO. He brings comprehensive knowledge and a broad understanding of many of our key markets to his new position. Klaus Stahlmann has also demonstrated excellent leadership skills in global businesses in challenging market situations. After a thorough analysis, the Sulzer Board of Directors is convinced that Klaus Stahlmann fulfills Sulzer’s high requirements regarding integrity and compliance.”

Klaus Stahlmann said: “I look forward to joining Sulzer as new CEO. The company is a market leader in its key markets and has a strong technological foundation that offers excellent opportunities for sustainable long-term success. I am very much looking forward to further leveraging this potential in the future—together with the Sulzer management team and its employees.”

Klaus Stahlmann will take over the role of CEO of Sulzer on February 22, 2012. He will replace Jürgen Brandt, who was appointed CEO ad interim as of November 1, 2011, and who will now fully focus again on his role as CFO.

For more information, please visit www.sulzerchemtech.com