Corporate press release

Niels Erik Olsen leaves GEA’s Executive Board

13 Mar 2019

Today, the Supervisory Board of GEA Group Aktiengesellschaft and Niels Erik Olsen (52), member of GEA’s Executive Board responsible for the Business Area Solutions, have agreed on an early termination of his service agreement, which is due to expire on December 31, 2021. Olsen steps down from his mandate with immediate effect. The CEO, Stefan Klebert, is taking over and will run the Business Area Solutions in addition to his other responsibilities.

GEA Center Düsseldorf

Niels Erik Olsen joined the company in 1991 and held various management positions in GEA’s former Process Engineering Segment in Europe, Asia and the USA. In 2010 he was appointed to their Segment board, before being appointed to the Executive Board of GEA effective January 1, 2016. As one of five Board members, he was responsible for the Business Area Solutions.

Dr. Helmut Perlet, Chairman of GEA’s Supervisory Board, said: “On behalf of the entire Supervisory Board, I would like to thank Niels Erik Olsen for his many years of successful service and his dedication to GEA during the past 28 years and wish him all the best for the future. At the same time, the Supervisory Board encourages GEA’s Executive Board under the leadership of Stefan Klebert to continue on its chosen path towards performance improvement.”

Media Relations

GEA Group Aktiengesellschaft

Peter-Müller-Str. 12


40468

Düsseldorf


Germany

+49 211 9136-0

About GEA

GEA is one of the world’s largest suppliers of systems and components to the food, beverage and pharmaceutical industries. The international technology group, founded in 1881, focuses on machinery and plants, as well as advanced process technology, components and comprehensive services.

With more than 18,000 employees, the group generated revenues of about EUR 5.4 billion in more than 150 countries in the 2023 fiscal year. GEA plants, processes, components and services enhance the efficiency and sustainability of customer’s production. They contribute significantly to the reduction of CO2 emissions, plastic usage and food waste. In doing so, GEA makes a key contribution toward a sustainable future, in line with the company’s purpose: ”Engineering for a better world“. GEA is listed on the German MDAX the European STOXX® Europe 600 Index and is among the companies comprising the DAX 50 ESG, MSCI Global Sustainability as well as Dow Jones Sustainability World and Dow Jones Sustainability Europe Indices.
 
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