Equipment Type

Wacker Neuson Appoints New CEO

Wacker Neuson SE appointed a new CEO to take the helm Sept. 1, 2011. Cem Peksaglam, 43, succeeds Dr. Georg Sick who left the executive board on Sept. 15, 2010.

July 14, 2011

Wacker Neuson SE appointed a new CEO to take the helm Sept. 1, 2011. Cem Peksaglam, 43, succeeds Dr. Georg Sick who left the executive board on Sept. 15, 2010.

Business management graduate Cem Peksaglam has held a variety of management positions in the Bosch Group during his career. He spent nine years in international management, where he gathered a wealth of experience in numerous regions including South America and the Far East. From 2007 to 2010, Mr. Peksaglam was President and Managing Director of Robert Bosch (Southeast Asia) Pte. Ltd., based in Singapore, where he was responsible for Bosch’s activities in Southeast Asia and for around 4,200 employees. In the course of his career, Cem Peksaglam also took on management positions on an honorary basis in various chambers of commerce, umbrella organizations and industry working committees both within and outside of Germany. He speaks six languages and is married with two children.

Mr. Peksaglam has gained in-depth experience in a variety of industries, which he draws upon to the greatest effect when managing personnel from diverse cultural backgrounds. Active experience with high-tech products throughout his career has given him a solid technical foundation. Cem Peksaglam will be bringing all of these capabilities – and in particular his international experience – to Wacker Neuson. “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,” Cem Peksaglam explains.

Hans Neunteufel, Chairman of the Supervisory Board of Wacker Neuson SE, goes on to explain why Cem Peksaglam was the candidate of choice. “Establishing a strong base in Europe and North America was previously a top priority for many European construction equipment manufacturers. Over the next twenty years, however, Asia and South America will become major growth spots. Our decision to appoint Mr. Peksaglam CEO aligns with our strategy to capitalize 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 SE will give added momentum to our journey as we reach for our ambitious growth goals,” he adds.

In addition to the role of CEO, Cem Peksaglam will be responsible for investor relations, legal issues, HR, Group auditing, real estate and quality management. Richard Mayer will step down from his interim role as acting Spokesperson of the Executive Board. He will, however, remain responsible for light equipment at Executive Board level. “We are looking forward to working with Mr. Peksaglam and shaping the future of Wacker Neuson,” explains Mr. Mayer speaking on behalf of the Executive Board. Günther Binder (finance and IT), Martin Lehner (compact equipment) and Werner Schwind (sales, rental, logistics, service, marketing and training) will also retain their former areas of responsibility. “We would like to thank all four members for their efforts in successfully steering the company through this interim phase despite the significant increase in their workload,” emphasizes Chairman of the Supervisory Board Hans Neunteufel.

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