Under the leadership of Dr. Ruf the company will streamline its organization. This allows further rationalization to deal with the challenges from the current complicated and volatile economic situation and the impact from the Corona crisis. Dr. Ruf: "We are ready to face such challenges. I enjoyed working with Dr. Frank Stieler thereby creating the concepts for the changes together. I am grateful that he developed the company to this level."
The Chairman of the Board, Mr. Bai Xinping: "Dr. Stieler has refocussed and repositioned KraussMaffei as the plastic industry pioneer. He has managed the company to deal with the current challenges. We thank him for his work and wish all the best for his future."