Weinig CFO marks 50 years with firm

Karl Wachter, CFO at Weinig AG in Tauberbischofsheim, today can look back on a career which is unparalleled in German industry: he has been with the company for 50 years. Starting as an apprentice in the company which was even then aspiring to greater things, after switching to the financial division he was quickly promoted to key positions and later assumed responsibility for the financial and accounts division, including controlling. Since 1996 he has been a member of the board at the world market leader for machines and systems for solid wood processing. Furthermore, he was appointed to the board of Weinig International AG in 2000. As chairman of the board he also directs this company in addition to his responsibilities at Weinig AG.

The long and exceptional career of the Chief Financial Officer is characterized by unswerving loyalty to the different boards while retaining a close sense of identity with the production plants and the people who work for Weinig. It was these qualities which ensured Karl Wachter the highest esteem in all divisions of the company.

After 50 successful years with the Weinig Group, Karl Wachter intends to withdraw from his operative responsibilities in the course of this year. However, he will continue to assist the company in an advisory capacity. Chairman of the Board Wolfgang Pöschl indicated his satisfaction that the CFO has remained to oversee the financial division through the initial challenges of this Ligna year. Gerald Schmidt has been appointed as successor to Karl Wachter and will take up his duties on 1 October 2011.

SOURCE: Weinig AG

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