Mandates of Rheinmetall executive board members extended

Rheinmetall AG remains under tried-and-tested leadership. The supervisory board of the Düsseldorf-based technology group has extended the contract of executive board chairman Armin Papperger by a further five years to 31 December 2026.  Papperger has held this post since January 2013. Helmut P. Merch, the group’s chief financial officer, has likewise been confirmed in office through to the end of 2022. Since 1 January 2017, the Rheinmetall AG executive board has also included Peter Sebastian Krause, responsible for human resources. In 2019 the supervisory board extended Krause’s contract through to 31 December 2024.

By keeping its executive board unchanged, Rheinmetall is signalling continuity in a time of transformation. During the course of its recently launched strategic reorganization into an integrated technology group, the intermediate holding company Automotive has been dissolved and a new leadership structure put in place.

The executive board will continue to run directly the group’s five divisions – Weapon and Ammunition, Electronic Solutions, Vehicle Systems, Sensors and Actuators, and Materials and Trade – in order to assure faster implementation of decisions as well as the desired transfer of technology between all units. Coupled with a steady improvement in profitability, Rheinmetall will be focusing on areas of business with strong potential for sustained valued added.

A buyer is being sought for the group’s pistons operations, which are no longer being run as a core business.

Current Issue

 

DSA

Social Media Updates

Recent

EOS Defence Systems Partners with Shielders Advanced Industries to Strengthen UAE Defence Manufacturing
26-02-2024

Shielders Advanced Industries representative, CEO Khalifa Ahmed Al Ali, and...

MILAN 2024: International Maritime Seminar 
26-02-2024

Vice President of India, Jagdeep Dhankar inaugurated the International Maritime...

Schiebel CAMCOPTER® S-100 Receives Operational Approval from CASA
26-02-2024

  Wedgetail Aerospace, supported by Schiebel Pacific, successfully obtained the...

Schiebel Wins CAMCOPTER® S-300 Contract for South Korean Navy
26-02-2024

  Schiebel, together with Korean based defence solutions companies Hanwha...

Diehl Defence and KAI toIntensify their Co-operation
26-02-2024

Diehl Defence and Korea Aerospace Industries have signed an MoU...