Dr Otto Max Schaefer will resign as chairman of Erich NETZSCH GmbH & Co Holding KG at the end of the year.
Dr Schaefer has led the NETZSCH Group as a managing director and president since 2004 and as chairman since 2010.
The Netzsch and Schaefer shareholder families thanked Dr Schaefer for his work, particularly in terms of the sustained profitable growth of recent years and the strategic alignment of the company.
The NETZSCH Group has increased its turnover from €266 million to almost €400 million over the last two years, with all regions and all three business units - Analyzing & Testing, Grinding & Dispersing and Pumps & Systems - contributing to this growth.
Dr Schaefer, who is looking for a new professional challenge, remains a shareholder of the company and will continue to use his strategic expertise for the benefit and success of the NETZSCH Group. A new chairman is expected to be appointed in the coming weeks.
The shareholders remain committed to maintaining the NETZSCH Group’s future as a family company.