Wacker Neuson CEO to leave the company

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Cem Peksaglam, Wacker Neuson’s CEO, has announced he is to leave the company in the summer.

Peksaglam, 49, informed the Munich-based firm’s supervisory board that he does not intend to renew his six-year contract when it expires in August this year.

Confirming Peksaglam’s decision to pursue new endeavours, Hans Neunteufel, chairman of the supervisory board, said, “We respect Mr Peksaglam’s decision and thank him for his dedication and service over the last six years.

“He has played an important role in proactively shaping and driving forward the reorganization and strategic realignment of the group during what has been a crucial restructuring phase for the company.

“His huge personal commitment has made the company a more professional organization and laid the foundation for further expansion. We wish Mr Peksaglam all the best for his future career.”

Under Peksaglam’s helm, the Wacker Neuson group has expanded its international reach, building a number of new facilities – including a skid steer loader plant in the USA, a generator plant in Brazil, and an excavator production site that will shortly be opened in China – and establishing affiliates in a number of different markets, while the company’s share value has more than doubled in his six-year reign.

Alongside his tasks as CEO, Peksaglam was responsible for strategy, mergers and acquisitions, human resource, legal, compliance, real estate, investor relations, corporate

communication and sustainability. In addition to that, he was responsible for the sales, service, logistics and marketing activities of the Wacker Neuson Group for several years until the executive board was extended with the position of chief sales officer (CSO).

May 4, 2017

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Tom Stone is Editor of the iVT brand – which includes digital and print editions of a quarterly magazine, Off-Highway Annual, and the Advanced Lift-truck supplement, as well as ivtinternational.com, which is updated daily. Tom has met and interviewed some of the world's leading industrial vehicle OEM presidents, CEOs and MDs, and takes great pride in cementing iVT's place as the leading forum for debate within the industry, a reputation that his been built up over the brand's 25-year history.

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