Stephan Schaller has been named to succeed Dr. Hubert Lienhard as president and chief executive officer of the Management Board of Voith.
Schaller is a member of the Voith Shareholders’ Committee and head of the global motorcycle division of BMW Group. Schaller held management and executive positions with BMW from 1981 to 1999. He then spent four years with Linde AG’s refrigeration division and joined Volkswagen AG in 2004. Schaller became vice chairman of the executive board of Schott AG in 2010 and joined BMW Group in 2012. He studied mechanical engineering at Rheinisch-Westfalische Technische Hochschule Aachen.
“With Stephan Schaller we found the ideal successor for Dr. Lienhard,” says Professor Hans-Peter Keitel, chairman of the Shareholders’ Committee of Voith Management GmbH and Supervisory Board of Voith GmbH & Co. KGaA. “He has already been involved in all strategic developments of the company in recent years. He has excellent knowledge of Voith and its structures. At the same time, Stephan Schaller brings with him many years of international experience in various sectors and industries outside Voith.”
Dr. Lienhard will retire in 2018 as planned, upon completion of his second term in office, at the age of 67, Voith says. Dr. Lienhard has been in this position since 2008 and Schaller will take over on April 1, 2018. At that point, Dr. Lienhard will be appointment to the Shareholders’ Committee, taking Schaller’s seat.
“Dr. Hubert Lienhard has made an outstanding contribution to Voith in the last seventeen years,” Keitel says. “He has successfully led the Group through one of the most challenging and toughest phases of the last few decades with a clear line, strengthened profitability on a sustained basis and restored the Group’s strategic ability to act by means of a far-reaching restructuring program.”
Voith has about 19,000 employees and locations in more than 60 countries worldwide. Voith works in the energy, oil and gas, paper, raw materials, and transport and automotive markets.
Recently, HydroWorld has reported on Voith’s activity specific to the hydropower market, such as its recent contract to modernize part of the 360-MW Ffestiniog pumped-storage plant in Snowdonia, North Wales.
In addition, Voith recently signed a collaborative agreement to study the potential for uprating and modernizing hydroelectric power infrastructure in Argentina.
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