Feintool with new CEO
The Board of Directors of Feintool International Holding AG will entrust Knut Zimmer with the position of CEO on January 1, 2018. Like his predecessor, the 54-year-old will run the high volume parts production of the System Parts segment and handle the responsibilities of CEO at the same time. As of January 1, 2018, the previous CEO Bruno Malinek will take on an advisory role at Mubea, the group of companies of former major shareholder Thomas Muhr, who sold his Feintool stake in 2017.
In 2012 Knut Zimmer joined Feintool in connection with the acquisition of Herzing + Schroth GmbH u. Co. KG (today Feintool System Parts Obertshausen GmbH). After completing the integration, he successfully led the Forming Europe division, which was newly created after the acquisition. In addition, Knut Zimmer has been responsible for the entire European parts business of the Feintool Group since 2017.
Chairman of the Board of Directors Alexander von Witzleben continues: "With Knut Zimmer, we are convinced that we have found the ideal person for the top of our company mastering coming challenges. Following the quickly completed integration of Herzing + Schroth GmbH, he has been successfully assuming additional responsibilities within the Feintool Group on an ongoing basis. He succeeds Bruno Malinek, who held two-and-a-half years of senior positions, most recently that of the CEO, within the Feintool Group and now moves to the company of our former major shareholder. During this time, Feintool achieved record sales and results. The Board thanks him for the work and wishes him all the best for the future."