KBA appoints restructuring expert to management board
The supervisory board of Koenig & Bauer (KBA) has appointed Dr. Andreas Plesske as the management board member responsible for restructuring operations (CRO), effective May 1. His initial term of office is limited to Oct. 31, 2015, with an option to extend this by another six months.
He will oversee the extensive program "Fit@All" approved in December 2013 to realign the second-largest press manufacturer and thus also relieve the CEO of these tasks.
Dr. Plesske has extensive experience in management and restructuring as CEO and CRO at German and international companies of varying sizes and from different industries. This includes companies similar to KBA active in machinery and plant engineering.
Given the fundamentally changed market environment within the print industry, in December 2013 KBA introduced a program to strategically realign the group and a series of measures aimed at strengthening the profitability and competitiveness of the company. The program's priorities are the restructuring of the core business by sustainable capacity adjustments, optimization and concentration of the depth of added value at the different sites as well as the focus on print-related business fields with potential for growth.