The MAHLE Supervisory Board has made two new appointments to positions on the Group Management Board. Arnd Franz is to become CEO and Chairman of the Management Board of the MAHLE Group. He will take up his position as CEO on November 1, 2022.
Markus Kapaun, Vice President Finance & Accounting Europe, will replace Michael Frick (56), long-standing Member of the Group Management Board responsible for Finance (CFO), who is resigning with effect from November 1, 2022.
The 57-year-old, Franz who holds a degree in business administration, has been CEO of LKQ Europe GmbH, Zug (Switzerland), since 2019 and is now returning to MAHLE, where he had previously worked for 18 years. The 48-year-old Kapaun, who holds a degree in business administration, has worked for the Group for almost 20 years.
“I am pleased that we have been able to recruit Arnd Franz, an experienced general manager with a profound understanding of technology and proven expertise in the automotive industry, for the position of CEO,” said Heinz K. Junker, Chairman of the MAHLE Supervisory Board, said. “Arnd Franz is thoroughly conversant with the Group thanks to his former positions with the company and is outstandingly well-networked. Together with the other members of the Management Board and the entire workforce, he will forge ahead with the transformation of MAHLE in challenging times,“ he added.
“Markus Kapaun is a finance expert who has gained an outstanding reputation within the company during his many years with MAHLE. He will seamlessly continue the work of his predecessor Michael Frick,” Junker said.
“On behalf of the boards of MAHLE, I would like to thank Michael Frick forthe almost 20 years of outstandingly loyal and dedicated service to the company. Especially during the past few years since the outbreak of the pandemic, which have been extremely demanding, and in view of other difficult external factors, his work deserves special recognition. Michael Frick has my best wishes for the future,” he added.
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