Horst Binnig to Succeed Dr. Gerd Kleinert as Rheinmetall CEO

Marinelink.com
Friday, September 06, 2013
Horst Binnig

Horst Binnig was appointed CEO of Rheinmetall Automotive's parent company KSPG AG and will take over beginning January 1, 2014. As Executive Board member of Rheinmetall AG, he will also represent the interests of the automotive sector within the Rheinmetall Group. From the start of 2014 and in both these positions he is succeeding Dr. Gerd Kleinert who after 13 years of successful activities in the Rheinmetall Group is stepping down from his CEO position and enetering retirement.

Armin Papperger, Rheinmetall AG's CEO, said, “This decision implements a long-term changeover, one that ensures a high degree of personnel continuity in Rheinmetall's Automotive sector and in the Rheinmetall Group. Horst Binnig will continue KSPG AG's business in the direction of today's management and hence push ahead with an innovative focus on product portfolio and a strategy of internationalization.”

Binnig has been with the KSPG Group since 1999 and Executive Board member since January 1, 2012. Before that, he had headed for over eleven years the KS Aluminum- Technologies division that includes business in lightweight engine blocks, cylinder heads and structural components manufactured from aluminum. This was followed by overall responsibility for today's Hardparts division which also covers KSPG's piston and plain bearings operations.

Only recently he also took over responsibility for the Mechatronics division (emission/consumption reduction as well as pump business). Having graduated in mechanical and design engineering, since 1983 Horst Binnig's activities have included management board positions at KACO Elektrotechnik, Bach GmbH, and Hengstler GmbH. Consequently he can therefore contribute to his new position extensive knowledge of the automotive business. The degreed engineer was largely responsible  for setting up KSPG's second big joint venture with SAIC (Shanghai Automotive Industry Corporation) in China where he played a major role in shaping and promoting to a lasting degree the further internationalization of the KSPG Group. When Dr. Gerd Kleinert has retired, KSPG AG's Executive Board will as from January 1, 2014, consist of Horst Binnig (CEO), Dr. Peter Merten (CFO) and Peter Sebastian Krause (HR, Legal).

KSPG AG represents the automotive-industry supplier sector within the Rheinmetall Group. With a global workforce of about 12,000, this sector last year generated sales of €2.4 billion, thus contributing over one-half of the Group's sales of €4.7 billion.


People & Company News

China Cosco Sinks into Red

Dragged by lackluster freight rates in the maritime transport market during the first half of 2016, China Cosco Holdings logged a 7.2 billion yuan ($1.07 billion) net loss for the January-June half,

DNV GL Backs John Laing on First Offshore Wind Investment

DNV GL successfully completed its due diligence work of the offshore wind farm “Nordergründe” in the North Sea, reviewing and quantifying the technical risks of the project.

MobileOps Pursuing Maritime Business

Redmond, Wash. based MobileOps, Inc., a software company specializing in the design and development of maritime software applications (dispatch, safety, compliance,

News

India Shipping Ministry Enlarges Scope of Sagarmala

India's Ministry of Shipping has formulated a revised Central Sector Scheme to provide financial support to Major and Non-Major Ports as well as State Governments

Singapore to Focus on Improving Navigational Safety

The Maritime and Port Authority of Singapore (MPA) launched the first-ever International Safety@Sea Conference in Singapore.    The conference will run for two days and concludes on 31 August 2016.

NASSCO Christens LNG-ready Tanker Constitution

On Saturday, August 27, shipbuilders at General Dynamics NASSCO celebrated the christening and launch of the Constitution, the sixth ship in a series of eight eco-friendly

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1186 sec (8 req/sec)