KUKA CEO and CFO Contracts Renewed Ahead of Schedule

The KUKA Executive Board: Alexander Tan (left) and Peter Mohnen (right).

(PRESS RELEASE) AUGSBURG, 9-Jan-2023 — /EuropaWire/ — KUKA (ETR: KU2), one of the world’s leading suppliers of industrial robots and systems for factory automation and part of Midea Group, has announced that the company’s Supervisory Board has approved the early extension of the Executive Board contracts for CEO Peter Mohnen and CFO Alexander Tan. Both individuals have received a three-year contract that will run until the end of 2025. This extension occurs prior to the original expiration of their contracts.

Andy Gu, Chairman of KUKA’s Supervisory Board, says: “Peter Mohnen and Alexander Tan have stabilized KUKA in difficult circumstances and set the course for global growth even under challenging economic conditions. We look forward to continuing to plan with these two top leaders at KUKA.”

KUKA posted record order intake and sales last year. The company was able to increase its operating result despite supply bottlenecks, large additional expenditures in the procurement of preliminary products and high inflation rates. Order numbers grew particularly strongly in North America and China. In addition, KUKA is convincing in more and more sectors, from electronics to logistics and consumer goods, so that in addition to the automotive sector, more than 50% of sales are now generated in general industry. The number of employees also increased at all major locations.

This year, KUKA celebrates its 125th anniversary. In 1898, Johann Keller and Jakob Knappich founded the traditional Augsburg-based company with a production facility for acetylene headlights, at that time still under the name “Keller und Knappich Augsburg”, which was later shortened to the acronym KUKA.

KUKA

KUKA is a global automation corporation with sales of around 3.3 billion euro and roughly 14,000 employees. The company is headquartered in Augsburg, Germany. As one of the world’s leading suppliers of intelligent automation solutions, KUKA offers customers everything they need from a single source: from robots and cells to fully automated systems and their networking in markets such as automotive, electronics, metal & plastic, consumer goods, e-commerce/retail and healthcare. (As at December 31, 2021)

Media contacts:

Wolfgang Meisen
Teresa Fischer
Corporate Communications
T +49 821 797 3722
F +49 821 797 5213
press@kuka.com
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SOURCE: KUKA AG