Company Leadership Change - Torsten Greiner will step down as CEO of the Feintool Group at the end of May 2025 by mutual agreement with the Board of Directors [2][3] - Lars Reich, currently Chief Sales Officer and Director of the Business Unit Fineblanking and Forming Europe, has been appointed as the new CEO effective June 1, 2025 [3][5] Lars Reich's Background - Lars Reich has extensive management experience within the Feintool Group, having started his career in 1999 in the USA and holding various positions over 25 years [4] - He earned his MBA from the University of Cincinnati and has successfully led a turnaround of Feintool's business, significantly increasing U.S. sales [4] Company Overview - Feintool is a leader in electrolamination stamping, fineblanking, and forming, manufacturing high-quality precision parts primarily for the automotive industry and other high-end industrial manufacturers [5][6] - The company was founded in 1959, is headquartered in Switzerland, and operates 18 production sites with approximately 3,100 employees [7]
CEO change at Feintool
Globenewswireยท2025-05-08 16:00