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Press Release

Change in the management of the RENK Group

Christian Schulz to take over the finance department from Niklas Beyes

Augsburg, June 2, 2023 – At its meeting today, RENK Group’s Supervisory Board appointed Christian Schulz as a member of the Executive Board effective June 7, 2023. He takes over the finance department from Niklas Beyes, who leaves the company at his own request. Christian Schulz (46), CFO of Traton SE until September 2021, has more than 20 years of experience in finance and controlling as well as proven capital market expertise.

“I would like to thank Niklas Beyes on behalf of the Supervisory Board”, said Claus von Hermann, Chairman of the Supervisory Board of RENK Group. “In the past close to one and a half years, Mr. Beyes has contributed significantly to the successful transformation of the Group. We wish Mr. Beyes all the best for his professional future.”

“We are very pleased to have gained such an experienced financial expert in Christian Schulz”, Claus von Hermann continued. “Due to his capital markets and international experience, he has the ideal prerequisites for successfully supporting RENK on its future growth path.”

About RENK Group:
Headquartered in Augsburg, Germany, the RENK Group is a leading global player for high-end gear units, power packs, hybrid propulsion systems, suspension systems, slide bearings, couplings, and test systems. The company caters to a multiplicity of end markets, focusing especially on security and defense, energy and infrastructure.

Disclaimer
This release contains forward-looking statements. These statements are based on the current views, expectations, assumptions, and information of the management of RENK Holding GmbH (the “Company”). Forward-looking statements should not be construed as a promise of future results and developments and involve known and unknown risks and uncertainties. Various factors could cause actual future results, performance, or events to differ materially from those described in these statements, and neither the Company nor any other person accepts any responsibility for the accuracy of the opinions expressed in this release or the underlying assumptions. The Company does not assume any obligations to update any forward-looking statements. Moreover, it should be noted that all forward-looking statements only speak as of the date of this release and that the Company assumes no obligation, except as required by law, to update any forward-looking statement or to conform any such statement to actual events or developments.

The Company expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this release, whether as a result of new information, future developments or otherwise.

Günther Hörbst

Get in touch with us in case of any questions and requests.

Günther Hörbst
Head of Group Communications
Phone number
+49 160 5347450
Email
[email protected]

Head of Group Communications

Günther Hörbst

Phone number
+49 160 5347450