Manz AG introduces Martin Drasch as the new Chief Operating Officer
07.07.2015 | Reutlingen
- Tuesday’s Annual General Meeting 2015 held with success
- Shareholders approve all items on the agenda
- Manz AG strengthens Managing Board with new Chief Operating Officer (COO)
Manz AG, one of the world’s leading high-tech equipment manufacturers with an extensive technology portfolio covering the three strategic business segments of "Electronics", "Solar" and "Energy Storage," successfully held its 2015 Annual General Meeting today. Martin Drasch (40) was introduced as the new Chief Operating Officer (COO). Beginning August 1, 2015, he will act as support Chairman of the Managing Board, Dieter Manz, and Chief Financial Officer, Martin Hipp, and will be responsible for Production, Logistics and Procurement.
Following completion of his study of mechanical engineering with an emphasis on production technology, Drasch worked more than 15 years in the areas of production, project management and design for the equipment manufacturer Eisenmann SE. Since 2012 he was responsible there as vice president for the division "Automotive System Technology". Mr. Drasch is married and has three children.
With the appointment of Martin Drasch as COO, the internationally active Manz AG is further enhancing the optimization of intra-group processes. The goal is to increase the profitability of the company while improving the cost basis at the same time. To this end, among other things synergies between the individual locations are to be used and the China location is to be strengthened in the international production network of Manz AG.
In the further course of the Annual General Meeting 2015, CEO Dieter Manz reported on the operational development of the 2014 fiscal year with sales at a record level of around EUR 306 million. From the beginning of the year 2014 to June 30, 2015, the stock price rose by around four percent; in three years, the share increased by more than 150% and thus is above the performance of the TecDAX comparative index. The shareholders approved the actions of the members of the Managing Board and of the Supervisory Board and approved all items on the agenda. "I am very happy that Martin Drasch as COO is becoming part of the management team of Manz AG," said Dieter Manz. "I am sure that with his effective support, the company will positively improve on a sustained basis.