Voith gets new boss
Digitalization expert as CEO Dirk Hoke will succeed Toralf Haag as CEO of the technology group Voith in the spring of next year. As Haag has already left the company on August 31 and Hoke will not be able to take over the position until April 1, 2025, Andreas Endters will take over the provisional management of the Voith Group for the time being. At the same time, Endters will continue to [...]
Otto Group: New Head of Strategy
Logistics expert takes over as Head of Strategy & Transformation at the Otto Group The position of Head of Strategy at the Otto Group will be filled on October 1, 2024. Olaf Schabirosky will then take over as Head of Strategy & Transformation at the Hamburg-based retail group. The position was vacant following the death of Christoph Schulte, who had [...]
BMW lowers expectations
Car manufacturer adjusts 2024 annual forecast BMW AG is now somewhat less optimistic and has lowered its forecast for 2024 accordingly. This forecast adjustment was triggered by delivery suspensions and recalls relating to the integrated braking system (IBS). In this regard, the Munich-based group is talking about additional burdens in the Automotive segment. Due to delivery suspensions, the explanations from BMW [...]
Tönnies buys parts of Vion
Takeover of the majority of the German beef business The Tönnies Group is taking over part of the German activities of the Dutch Vion Food Group. According to Vion, the two companies have signed an agreement in principle on the purchase of the majority of Vion's beef activities in Germany. According to Vion, it had already announced in January of this year that it was reviewing its German business. The planned [...]
Coolblue grows in Germany
Online retailer invests 150 million euros Dutch online retailer Coolblue, which specializes in consumer electronics, recently announced accelerated growth in Germany. According to its press release, the company, which also operates bricks-and-mortar stores, will open 36 stores and nine delivery depots in Germany. This is to take place over the next few years. According to the company, it is also working intensively on [...]
Daimler Truck: New Chairwoman of the Board of Management
Successor to Martin Daum At Daimler Truck Holding AG, Karin Rådström will replace the previous CEO Martin Daum. The Supervisory Board has appointed Rådström as the new CEO until January 31, 2029. Rådström will assume this position on October 1 of this year. Until December 31, Martin Daum will continue to serve as an ordinary member of the Executive Board for the [...]
Aerzener Maschinenfabrik at the SMM 2024
International trade fair for the maritime industry Aerzener Maschinenfabrik is exhibiting at the world's largest shipbuilding trade fair in Hamburg. The SMM (Shipbuilding, Machinery and Marine Technology Trade Fair) began on Wednesday and runs until Friday, September 6. According to its press release, the supplier of blower and compressor solutions is focusing primarily on [...]
Lufthansa Cargo: Sustainable design of air freight
Commissioning of the 18th long-haul freighter One of the world's leading air freight transport companies, Lufthansa Cargo, commissioned its 18th long-haul freighter on August 17, 2024. This is part of the "B777 freighter" fleet. According to the company, the freighter comes from the Boeing plant in Everett in the USA. It has now become the largest hub of the [...]
Change of boss at Nestlé
Mark Schneider is leaving the world's largest food company Nestlé is to fill the position of CEO at short notice. As the world's largest food company announced on Thursday, the current Chief Executive Officer (CEO), Mark Schneider, will be leaving the company. As a result, the Nestlé Board of Directors has appointed Laurent Freixe as the new Chief Executive Officer with effect from September 1. [...]
Rescue from Varta
Sports car manufacturer Porsche wants lithium-ion round cell business Varta AG has reached an agreement with its financial creditors and strategic investors on a restructuring concept. This was announced by the ailing battery manufacturer in a press release last Saturday. The first step will be a haircut, which will reduce the existing financial liabilities by more than half to 200 million euros [...]