(Munich, June 20, 2022) KraussMaffei today announced the realignment of its New Machines (NM) Division: It will be split into Business and Operations. This is accompanied by a change in the management team: Xiaojun Cui, CEO of KraussMaffei China, will take over the global management of the NM Division, Business, on July 1, 2022. He will also remain responsible for KraussMaffei China until further notice. Lars Hoppe, currently Vice President Operations, will be responsible for Operations on a global scale. The previous Head of the NM Division, Dr. Volker Nilles is leaving KraussMaffei at his own request on June 30, 2022 to pursue new professional challenges outside our company. Xiaojun Cui and Lars Hoppe will both report to CEO Dr. Michael Ruf in their respective new positions as Executive Vice President.

"We are very pleased that we have been able to win Xiaojun Cui, an experienced and successful manager and KraussMaffei expert, for our New Machines Division, Business area. He has done an outstanding job over the past two years and has put KraussMaffei on a very successful growth path in China. With Xiaojun Cui, KraussMaffei management also becomes more international, which is enormously important for the future viability of the company," explains Dr. Michael Ruf about the change in the company. "At the same time, we are very pleased to have a top manager for our global Operations in Lars Hoppe, who brings great experience in managing international companies. Xiaojun Cui and Lars Hoppe will join forces to help build the new KraussMaffei and lead the company into a successful future together with us."

The changes at the New Machines Division will see the following split as of July 1: NM Business will then comprise Sales, R&D and Order Engineering, Project Management and Application & Product Owner, and will be headed by Xiaojun Cui. Operations as well as Quality and Procurement will be headed by Lars Hoppe. CEO Dr. Michael Ruf: "The changes at the New Machines Division are aimed at making the entire KraussMaffei organization faster and more efficient worldwide, for example with regard to delivery times and cost structure. We want to use and utilize all of our locations in the best possible way for our business in order to be able to optimally serve our customers all over the globe."

Xiaojun Cui has been responsible for KraussMaffei's business in China as CEO China since 2016. Prior to this, he held leading positions at companies such as Dresser-Rand and Honeywell Process Solutions. Xiaojun Cui has more than thirty years of experience in the fields of technology, project management and strategic consulting.

Lars Hoppe has been Vice President Global Operations at KraussMaffei since fall 2021. The mechanical engineer previously held management positions at companies such as Procter & Gamble, DANAHER, Dywidag Systems International and Giesecke&Devrient. The experienced manager has in-depth knowledge of lean production, automation, digitalization, Industry 4.0 and logistics as well as the management of global production sites. In addition, Lars Hoppe has many years of experience with restructuring, transformation, merger and change projects.

Commenting on the departure of Dr. Volker Nilles, CEO Dr. Ruf says: "We would like to thank Volker Nilles for his great commitment to our company. He has driven the development of our New Machines division with dynamism. We very much regret his decision and wish him only the best for his future."