Dr. Frank Stieler is new CEO of KraussMaffei Group

The Supervisory Board of KraussMaffei Group GmbH announced the appoint of Dr. Frank Stieler as Chief Executive Officer (CEO). Effective July 27, 2015, Dr. Stieler will succeed Jan Siebert, who has led the KraussMaffei Group since January 2012.  

Dr. Stieler is a charismatic leader with an outstanding track record of more than 20 years of international experience in renowned German industrial companies with a global presence, especially in machinery and systems engineering, according to Dr. Kurt Kinzius, Chairman of the Supervisory Board of KraussMaffei Group GmbH. This is demonstrated by his long standing experience in top management positions, including at Lurgi (now known as Air Liquide Group), Siemens and Hochtief.

Dr. Frank Stieler

At Siemens, Dr. Stieler shaped the Oil & Gas business unit, which under his leadership developed from a loss-making entity to a fast-growing and highly profitable division. Before Dr. Stieler was appointed Chairman of the Executive Board (CEO) of Hochtief AG, he consolidated various business units as a member of the company's board of directors and aligned them to growth markets.

Jan Olaf Siebert will be leaving KraussMaffei Group GmbH at his own request on July 26, 2015. Under Jan Olaf Siebert’s management, the Group has successfully expanded its global presence and strengthened its market position in both traditional and emerging markets.