17.07.2011

New CEO for Wacker Neuson

Telehandler and compact equipment manufacturer Wacker Neuson has appointed Cem Peksaglam, 43, as its new chief executive.

Peksaglam, who takes over the role at the start of September succeeds Dr. Georg Sick, who departed in September 2010. He joins the company from the Bosch group where he was most recently managing director of its Southeast Asia business based in Singapore. He speaks six languages and is married with two children.
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Cem Peksaglam

Hans Neunteufel, chairman of the supervisory board said: “Establishing a strong base in Europe and North America was previously a top priority for many European construction equipment manufacturers. Over the next 20 years Asia and South America will become major growth spots. Our decision to appoint Mr Peksaglam aligns with our strategy to capitalise on the challenges and opportunities presented by these markets.”

“We are bringing on board an experienced business executive with a strong background in engineering, an outstanding international reputation and years of leadership at Bosch. Both he and his colleagues on the executive board of Wacker Neuson will give added momentum to our journey as we reach for our ambitious growth goals.”

Peksaglam added: “Numerous strengths such as service and quality excellence, innovative product solutions, uncompromising customer focus and a dedicated workforce mean that Wacker Neuson has exactly what it takes to become an even bigger player in established and emerging markets. My role is to ensure that we dovetail these valuable assets as effectively as possible to secure the long-term success of Wacker Neuson.”

Neunteufel also thanked Günther Binder -finance, Martin Lehner -compact equipment and Werner Schwind -sales, rental, logistics, service, marketing and training –for managing the business over the past 12 months without a chief executive.