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.

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.”

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