OECHSLER AG appoints Karl Ostler as CEO

Comprehensive transformation program paves the way for future success

The group-wide BE:FOCUSED transformation program is closely linked to Karl Ostler and was largely initiated by the new CEO and presented internally and to the public in February of this year. With BE:FOCUSED, OECHSLER is strategically repositioning itself. The focus is on a new corporate structure and a large number of new processes. Among other things, three business units have been established and global production has been reorganized and placed under central management at the company's headquarters in Ansbach. The comprehensive BE:FOCUSED package of measures is already showing results in its first year. For example, all three business units won new projects from well-known manufacturers in the automotive supply, healthcare and industrial sectors. In addition, work processes have been made more efficient and the entire organization has been streamlined. To the regret of the entire management team, this was accompanied by a reduction of approximately 260 full-time positions.

"The Supervisory Board is convinced that Karl Ostler is the right person to lead the Executive Board. He is approaching the transformation of the company with courage and dedication and is not afraid to make the changes that are urgently needed. He is proceeding with a sense of proportion and is aware of the sacrifices that our employees are making in order to successfully restructure our company. This has earned him the trust of the entire Supervisory Board and the shareholders of OECHSLER. The extension of his contract and his appointment as CEO are an expression of this," comments Wolf Matthias Mang, Chairman of the Supervisory Board of OECHSLER AG. "The Supervisory Board is grateful that the entire Management Board with Karl Ostler, Raik Lüder and Alexander Wortberg will accept the challenges posed by the markets and customers and lead our traditional company into a successful future," Wolf Matthias Mang continues.