29 Nov 2012 Press Release

Dietmar Bolkart to become Chairman of the NETZSCH Group

Selb, November 29, 2012. Dietmar Bolkart is to be appointed as the new Chairman of Erich NETZSCH GmbH & Co. Holding KG. The 58-year-old will begin his mandate on January 1, 2013, and will head the company together with Dr. Hanns-Peter Ohl, Member of the Executive Board with equal rights.

In Dietmar Bolkart, the NETZSCH Group is gaining a proven management personality as Chairman. He is able to draw on wide-ranging and extensive corporate experience and has already spent many years successfully running medium-sized family companies in the tool and mechanical engineering sector as CEO or managing director. Most notably, he has developed and implemented growth and internationalization programs on multiple occasions.

The shareholders view the appointment as a clear commitment to the future of the NETZSCH Group as a family owned company. Dietmar Bolkart will implement and continue to develop the strategy the company has embarked on together with Dr. Hanns-Peter Ohl and the other members of the Global Management Team in close cooperation with the Shareholders’ Meeting.

“Joining forces to promote the growth and continued internationalization of a healthy family owned company like NETZSCH Group is a highly attractive mandate for me,” explains Dietmar Bolkart. “I look forward to working with all the employees.”

The NETZSCH Group has succeeded in boosting its turnover from € 266 million to almost € 400 million over the last two years, with all regions and all three business units of the company contributing to this development. For the years ahead, the NETZSCH Group is planning to systematically continue its profitable growth based on new products, new customer groups and the further expansion of the company's international business. The implementation of this growth strategy has already begun with an investment fund of € 45 million earmarked for this year alone – three times the previous highest annual investment volume.