Leadership change at Nedschroef

July 31, 2019

Today, Nedschroef announces that Dr. Mathias Hüttenrauch, CEO of Nedschroef, will resign from his current position per 1st of September 2019 to explore his new career development.

Dr. Mathias Hüttenrauch joined Nedschroef in September 2011 and has been the CEO since 1st of January 2012. He led the expansion of the global footprint by building up the China plant, implemented a diversification strategy by setting up the Aviation Business Unit, and contributed to the transforming Nedschroef towards an engineering driven company by acquiring the high tech company CP Tech. Under his leadership, Nedschroef achieved over 50% growth of the turnover during the period from 2012 till 2018.

Dr. Hüttenrauch will remain as the advisor for Nedschroef’s Management Board and Supervisory Board until 31st of December 2019 in order to support Nedschroef’s new management for a smooth transition.

Dr. Mathias Hüttenrauch said: “It is with regret that I came to decide to end my time as CEO of Nedschroef. It’s a decision with personal sadness as I will miss the dedicated employees of this flourishing company that make Nedschroef such a pleasant and exciting environment to work in. This team has made it possible to accomplish objectives we did not consider possible eight years ago, and I have had the opportunity to be part of the incredible growth. I believe it is time for a personal change to seek for a new challenge. I am thankful to Nedschroef, its shareholder and Supervisory Board and most important, its employees for this incredible journey over the past eight years.”

Mr. Zhiyan Zhou, Chairman of the Supervisory Board: “We are very appreciative of Dr. Mathias Hüttenrauch's contribution and devotion to Nedschroef over the past years. Under his leadership Nedschroef has become the great company it is today. We wish him great success in his future career and we look forward to continue the growth path in the future.”