The Meyer Burger takeover of Roth & Rau is on its way to becoming more of a reality as the management board team has undergone a reshuffle, and former Roth & Rau chairman Dr. Dietmar Roth has left his former role for a seat on the Meyer Burger board of directors.
The integration of the Roth & Rau Group into the Meyer Burger Group has been overseen by the former’s Supervisory Board, headed up by board chairman Peter M. Wagner, who will now assume the role of management board chairman. Interestingly, the company “will not be filling the traditional CEO post following the successful integration of the company into the Meyer Burger Group,” said Wagner, although he will assume the CEO role as needed for the transitional period during which the company is assimilated.
New appointments include the election of Peter Frankfurter as the company’s new CFO, joining the company from his former role as commercial director at Sumida Europe. Peter R. Manolopoulos takes the COO role, moving from his former role as managing director of GEA Energietechnik. Thomas Hengst will continue in his role as CSO of Roth & Rau AG.
“I have always stressed that I would stand back from my operational responsibilities at the right time”, commented Dr. Roth. “That time has come now that the takeover by Meyer Burger has been successfully completed and we have found high-quality, experienced managers keen to shape Roth & Rau’s further successful development in the long term. Given the length and depth of my involvement with Roth & Rau AG, however, it is only natural that I should offer active support to the newly restructured Management Board and advise them in all key issues”.
As a result of Peter M. Wagner’s move to the board of management, the Supervisory Board has requested that former member Prof. Alexander Michaelis return to the temporarily empty seat in the interim. Andrea Sieber, Mr. Wagner’s deputy, will assume the chairmanship of the Supervisory Board.