Palfinger Supervisory Boar Concldes Search For New CEO

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The Supervisory Board of PALFINGER AG has concluded its search for a new CEO. Andreas Klauser (53), an accomplished top manager with international experience, who is currently the Global Brand President of Case IH and STEYR as well as member of the Group Executive Council of CNH Industrial, has been chosen to fill the position. Subject to the finalization of the relevant contracts, Andreas Klauser will assume the office of CEO on June 1, 2018.

“We are pleased to have found such an experienced executive as Andreas Klauser,” said Hubert Palfinger jun., Chairman of the Supervisory Board, regarding the decision in favour of the new CEO. “Mr. Klauser has international market and sales experience in the area of agricultural machinery and commercial vehicles and satisfies all the requirements necessary to translate the future challenges of the digital transformation into sustainable corporate success for the PALFINGER Group.”

Prior to his current position, Andreas Klauser was part of Sergio Marchionne’s team at CNH Industrial, serving as member of the Group Executive Council, and Brand President of Case IH and STEYR worldwide. He successfully managed and restructured large business units in Europe and the USA and maintained their profitability in a competitive market. As the COO of CNH Industrial for the EMEA region, he was responsible for the integration of 12 brands and nine units (among them Iveco, New Holland, Case IH and STEYR) in Turin. In these positions he was responsible for up to EUR 25 billion in revenue and approx. 60,000 employees up to 2015. Most recently, he was President of Case IH and STEYR worldwide and was based in the USA (Racine/WI). Mr. Klauser started his career in 1990 working for STEYR Landmaschinentechnik in St. Valentin/Upper Austria.

“This management position at PALFINGER is a challenge that I am happy to accept,” Andreas Klauser said. “PALFINGER is the industry’s benchmark for innovations, strategic growth and success through the proximity to its customers all over the world. Together we will tackle the next stage in our process of profitability enhancement and international growth.”

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