Oechsler AG appoints Karl Ostler as CEO
The Supervisory Board of Oechsler AG, located in Ansbach, Germany, has extended Karl Ostler’s contract as Spokesman of the Executive Board and appointed him as Chairman of the Executive Board (CEO), effective January 1, 2025. Karl Ostler was initially appointed as Spokesman of the Management Board on January 1 of this year in addition to his role as Chief Financial Officer (CFO). In addition to Ostler the Management Board of Oechsler AG will continue to consist of Raik Lüder as Chief Products and Markets Officer (CPMO) and Alexander Wortberg as Chief Operating Officer (COO).
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“The Supervisory Board is convinced that Karl Ostler is the right person to lead the Executive Board. He is approaching the transformation of the company with courage and dedication and is not afraid to make the changes that are urgently needed,” stated Wolf Matthias Mang, Chairman of the Supervisory Board of Oechsler AG. “He is proceeding with a sense of proportion and is aware of the sacrifices that our employees are making in order to successfully restructure our company. This has earned him the trust of the entire Supervisory Board and the shareholders of Oechsler.”
“The extension of his contract and his appointment as CEO are an expression of this. The Supervisory Board is grateful that the entire Management Board with Karl Ostler, Raik Lüder and Alexander Wortberg will accept the challenges posed by the markets and customers and lead our traditional company into a successful future,” concluded Mang.
