The Supervisory Board has appointed Stephan Seifert (45), previously responsible on the Divisional Management Board of Körber Process Solutions for finance and controlling, to the Executive Board of Körber AG. He is set to take up his new post on September 1, 2012, when he will be succeeding the long-standing Chief Financial Officer, Detlev Terboven. The latter is retiring, having reached the age of 60.
Stephan Seifert joined the Körber Group in 2007, since when he has been part of the divisional management of Körber Process Solutions. Prior to this, the graduate in business administration held a variety of management positions within the GEA Group.
The Supervisory Board praised Detlev Terboven for his contribution to the Körber Group over many years, and wishes him all the best for the future. Detlev Terboven joined the Management Board of Körber Schleifring in 1995, becoming Chairman in the year 2000, when he was also appointed to the Körber Executive Board. In October 2002 he then assumed the position of Chief Financial Officer.