Business Daily Media

.

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 .

News from Asia

Generali Hong Kong launches Go Green Campaign for SMEs to drive sustainability

HONG KONG SAR - Media OutReach - 2 February 2023 - Generali Hong Kong has been committed to creating a more inclusive and sustainable future for next generations...

NTT enhances its Managed Campus Networks portfolio with Palo Alto Networks Prisma® SASE to address networking, security and business management challenges

The new ​managed ​SASE solution builds on NTT’s Managed Campus Networks platform to provide customers with enhanced capabilities, new features, and a fully managed end​-​to​-​end serv...

Vetter’s Clinical Facility Demonstrates Success with Five Client Products Now on the Market

Both the US Skokie and European Rankweil sites address customer needs in early-phase drug development Clinical development pipeline is essential to global business strategy for in-h...

Jerry Coworking Space Shakes up the Coworking Industry with "Best Price Guarantee" to Offer 25% Lower Prices than its Competitors’ Lowest Offer

KUALA LUMPUR, MALAYSIA - Media OutReach - 3 February 2023 - Colony Coworking Space, a leading provider of flexible office solutions, has just announced the introduction of their new "Best Price Gu...

OctaFX joined forces with a local partner to provide emergency aid for flood victims in Kelantan, Malaysia

OctaFX joined its local partner in providing emergency aid for the victims of intense flooding in the state of Kelantan, Malaysia. KUALA LUMPUR, MALAYSIA - Media OutReach - 3 February 2023 - The i...

The British Ambassador welcomes the launch of Malvern College Tokyo at British Embassy.

TOKYO, JAPAN - Media OutReach - 3 February 2023 - Malvern College celebrated the launch of its seventh overseas school, Malvern College Tokyo, at the British Ambassador's Residence yesterday. A co...

RGE closes inaugural US$550 million Sustainability-Linked Derivative with MUFG

Sustainability-Linked Derivative (SLD) supports RGE's strategy of pivoting its financing towards SLLs, a total of US$1.6 billion secured in 2022 Besides hedging the interest rate ris...

Metamorphosis By De Beers: Prelude

Introducing the first chapter of De Beers’ magnificent new High Jewellery collection, inspired by Mother Nature’s transformation through the seasons PARIS, FRANCE - Media OutReach - 3 February...

LOHAS EXPO x Natural, Organic, Green Life Expo 2023

Asia's largest LOHAS Expo Including commerce and public HONG KONG SAR - Media OutReach - 3 February 2023 - The " LOHAS EXPO x Natural, Organic, Green Living Expo 2023" (referred to as LOHAS Expo) ...

Spackman Media Group Artist Son Suk-Ku Ranks #1 In The 2023 MALE ACTORS TO WATCH Survey In Korea

Spackman Media Group artist Son Suk-ku secured the top spot in the 2023 MALE ACTORS TO WATCH survey conducted by Cine21, a weekly film magazine in Korea The ranking...

Business Reports

Deputy appoints Silvija Martincevic as global CEO

Deputy appoints new global CEO Silvija Martincevic after reaching $100M in annual recurring revenue Company prepares for its next phase of growth and focuses on scaling internationally Deputy, the shift management plat...

Why you need an Angel Investor as a female founder and where to find one

As a woman founder who grew a business for 10 years before selling it to investors, I know firsthand the importance of finding your ‘Angel’ to take your business to the next level. Angel investors are so important in the sta...

Rakuten Advertising Names Neil Cao as Commercial Director of China

The new Commercial Director will lead Rakuten Advertising’s business and commercial strategies in the country Australia, February 8, 2023: Performance advertising company Rakuten Advertising today announced the appointme...