Steinbeck Named CEO of W&H
Succeeds long-time CEO Jürgen Vutz, who will join the company’s Supervisory Board beginning the new year.
Windmoeller & Hoelscher (W&H) has named Peter Steinbeck CEO, effective January 2021. Steinbeck, also a managing partner and currently W&H’s chief sales officer, succeeds Dr. Jürgen Vutz, who will join the company’s Supervisory Board beginning the new year.
W&H is a global supplier of blown and cast film lines, as well as high-end machines for printing and converting.
Both men were appointed to the Management Board of family-owned W&H in 1999. Two years later, Vutz took over as CEO. Over that time, W&H has grown significantly through its continuous focus on market demands and the development of the company, the firm said in a press release. Said Vutz, “The most important goal for me has always been to make W&H a stable and successful company for the long term. We have achieved a great deal and have set the right course for the coming years. We can proudly look into the future, full of optimism. Even with Corona challenging us, W&H, the world market leader, is on its way to becoming a billion (euro) company.”
Changes to the Management Board of W&H: Dr. Jürgen Vutz (second left) joins the Supervisory Board; Peter Steinbeck (right) becomes CEO. Other Management Board members include Martin Schulteis (left), CFO; and Dr. Falco Paepenmüller, CTO (second right).
Steinbeck says W&H will continue its current strategic course. "We are pursuing a long-term corporate strategy that will remain in place. This includes a strong focus on technology at our headquarters in Lengerich, Germany, an excellent components manufacturing plant in the Czech Republic and worldwide subsidiaries close to our regional customers. I look forward to the new responsibilities as CEO and to working together with my colleagues on the Board and the entire W&H team.”
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