(Parsdorf, December 11, 2025) Effective January 1, 2026, Alex Li will take over as Chief Executive Officer (CEO) of the KraussMaffei Group (KMG). He has been part of the management team as interim CFO since July 2025 and has extensive international experience in financial management and corporate governance. 

Alex Li succeeds Chi Zhang, who will return to his previous position as Chairman of the Supervisory Board of the KraussMaffei Group. During his two years as CEO, Chi Zhang's strategic vision has played a decisive role in strengthening KraussMaffei's global position and consolidating its relationship with Sinochem. In particular, he opened up new growth markets by systematically expanding KraussMaffei's activities and partnerships in Asia. 

Chi Zhang: “I will always have fond memories of my time at KraussMaffei. Together, we have achieved many successes. I am honored to continue supporting KraussMaffei in my new, old role as Chairman of the Supervisory Board.”

Following Alex Li's move to the role of CEO, the position of CFO will also be filled: Effective March 1, 2026, Michael Hofmann will take over as CFO of KMG. He is transferring to KraussMaffei from the Putzmeister Group, the leading manufacturer of concrete pumps and solution provider for the concrete value chain, where he served as Group CFO and member of the Executive Board. He previously held various management positions in Europe and also China for several years, including CFO and General Management roles in the Diehl Group, a globally active technology enterprise. With his many years of experience in finance and management boards of international industrial companies, Michael Hofmann will strengthen the management team and make an important contribution to the further profitable growth of the KraussMaffei Group. 

Yong Li, former Chief Administrative Officer (CAO), will leave the company at the end of the year at his own request and return to China taking up a new position within the Sinochem Group. The position of CAO will not be filled.

With his extraordinary commitment, Yong Li has had a significant impact on KraussMaffei's management since 2023. The Supervisory Board and the entire management team would like to express their sincere gratitude to Yong Li for his inspiration and commitment to the company. We wish him all the best and every success in his new role.