Augsburg, March 5, 2026 – RENK Group AG, a leading provider of propulsion solutions for the military and civilian sectors, is preparing for a change of leadership in the Supervisory Board. Dr. Klaus Richter (61) is to be proposed for election to the Supervisory Board at the Annual General Meeting on June 10, 2026. If he is elected, it is intended that Dr. Richter will take over as Chairman of the Supervisory Board. He will thus succeed Claus von Hermann, who is stepping down from his position at his own request as of the end of the upcoming Annual General Meeting.
Claus von Hermann has been the Chairman of the Supervisory Board since the company was transformed into a stock corporation in 2023. His term of office was marked in particular by the successful listing on the Frankfurt Stock Exchange in 2024. The Supervisory Board would like to thank Claus von Hermann expressly for his extraordinary commitment and significant contribution to the transformation of the RENK Group into a listed company.
His designated successor Dr. Klaus Richter is an experienced industry manager with over 30 years of extensive expertise in the defense, aerospace, and automotive sectors. He was President of the Executive Board of the Diehl Group until 2024. Previously, from 2007 to 2019, he held senior positions in the Airbus Group, including Chief Procurement Officer and Chairman of the Management Board of Airbus Operations GmbH in Germany. From 2017 to 2019, Dr. Klaus Richter was President of the German Aerospace Industries Association (BDLI).
About the RENK Group AG
Headquartered in Augsburg, Germany, RENK Group AG is a globally leading manufacturer of mission-critical propulsion solutions across diverse military and civil end markets. Our product portfolio includes gear units, transmissions, power-packs, hybrid propulsion systems, suspension systems, slide bearings, couplings & clutches and test systems. With this broad product portfolio RENK Group AG serves, in particular, customers in industries for military vehicles, naval, civil marine, and industrial applications focused on energy. In the fiscal year 2024, RENK Group AG generated revenue of EUR 1.14 billion. RENK Group AG has been listed on the Frankfurt Stock Exchange since February 7, 2024, and has been a member of the MDAX since March 24, 2025.
Disclaimer
This Press Release contains forward-looking statements that are based on plans, expectations, estimates and projections of the management of RENK Group as at the date of this Press Release. These plans, expectations, estimates and projections depend on a variety of assumptions and are subject to unforeseeable events, uncertainties, known and unknown risks as well as other factors that may cause actual results or the actual financial situation, development or performance to differ from those expressed or implied in the forward-looking statements. RENK Group does not assume any obligation to update the forward-looking statements or make adjustments to them to reflect events or developments occurring after the date of this Press Release unless obliged by statutory law.
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