(Reuters) – German defence firm Renk Group said on Sunday it had appointed management board member Alexander Sagel as CEO effective Feb. 1, 2025.
Sagel currently serves as management board member and COO of the company.
The current CEO, Susanne Wiegand, will step down from her position by the end of January, due to personal reasons, according to a company statement.
Earlier this month the tank equipment maker reported bigger-than-expected third-quarter revenue, led by higher demand in its vehicle mobility segment.
Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!
By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.
(Reporting by Rhea Rose Abraham in Bengaluru; Editing by Ros Russell)
Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.
