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GEA mourns the death of Chief Financial Officer Marcus A. Ketter
07 Aug 2023
With deep sadness, GEA Group Aktiengesellschaft announces the sudden and unexpected death of Chief Financial Officer Marcus A. Ketter, who passed away on Sunday, August 6 at the age of only 55.
“We are shocked and devastated by this loss. With Marcus Ketter, GEA loses an outstanding CFO and a highly valued individual whose drive, professional excellence and distinctive sense of humor will be greatly missed. Personally, I am also losing a dear and loyal friend. On behalf of all GEA employees, I extend our deepest condolences to Marcus’ wife, his two children and his entire family,” says CEO Stefan Klebert.
Marcus A. Ketter has been a member of GEA's Executive Board since May 2019. At that time, the economics graduate came from the steel and metal distributor Klöckner & Co. SE, where he worked for six years as Chief Financial Officer. Prior to that, he was CFO of Schuler AG and held various management positions at thyssenkrupp. During his tenure at GEA, Marcus A. Ketter helped shape the company’s turnaround. In particular, the strong reduction in net working capital and the associated improvement in ROCE and net liquidity are worthy of mention. He also played a major role in regaining the confidence of the capital market.
Until Marcus A. Ketter’s successor is appointed, CEO Stefan Klebert and COO Johannes Giloth will assume his responsibilities until further notice.
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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. For instance, every second pharma separator for essential healthcare products such as vaccines or novel biopharmaceuticals is produced by GEA. In food, every fourth package of pasta or every third chicken nugget are processed with GEA technology.
With more than 18,000 employees, the group generated sales of about EUR 5.5 billion in more than 150 countries in the 2025 fiscal year. GEA plants, processes, components and services enhance the efficiency and sustainability of customers’ 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 also a constituent of the leading sustainability indices DAX 50 ESG, MSCI Global Sustainability and Dow Jones Best-in-Class World.
