Augsburg, March 05, 2024 – The Supervisory Board of RENK Group AG has appointed Dr. Alexander Sagel, who holds a doctorate in engineering, as a member of the Executive Board with effect from April 1, 2024.
Dr. Sagel will be responsible for the operational management of the Vehicle Mobility Solutions (VMS), Marine & Industry (M&I) and Slide Bearings (SB) segments. In this function, the Operations and Technology divisions will also report to him.
Dr. Alexander Sagel has held various management positions in the Rheinmetall Group in recent years. After initial positions in the Group's automotive business, he took over as Head of the Weapon & Ammunition division before most recently serving as Head of the Electronic Solutions division.
„We are delighted to have gained such an experienced expert in Dr. Alexander Sagel," said Claus von Hermann, Chairman of the Supervisory Board of RENK Group AG. „Due to his experience in the defense industry, Dr. Sagel is an excellent addition to the Executive Board team around Susanne Wiegand."
„RENK is a global leader in mission-critical and high-performance propulsion systems. I look forward to strengthening the RENK team on its further growth path“, says Dr. Alexander Sagel.
About RENK Group
Headquartered in Augsburg, Germany, RENK Group is a globally leading producer of mission-critical drive solutions across diverse civil and military end markets. Our product portfolio includes gear units, transmissions, power-packs, hybrid propulsion systems, suspension systems, slide bearings, couplings & clutches and test systems. RENK serves customers active in industries for military vehicles, naval and civil marine, cement and plastics production and as oil & gas, as well as customers in hydrogen, CCUS and industrial heat pump applications. In fiscal year 2022, RENK generated a revenue of EUR 849 million.
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