PALFINGER AG/CONTRACT of CFO Felix Strohbichler Extended for Another 5 Years

Chair of the Supervisory Board Hubert Palfinger thanks Felix Strohbichler for his active support in recent years, during which, as CFO, he was significantly involved in the restructuring of company’s marine business, the introduction of the Global PALFINGER Organization (GPO) and taking action against the cyberattack and the COVID-19 pandemic together with everybody on the Executive Board. “The balance sheet structure has been significantly strengthened under Felix Strohbichler in recent years and a substantial reduction in net debt has been achieved,” adds Hubert Palfinger.

In the continuation of his contract, Felix Strohbichler sees a clear mandate to consistently pursue PALFINGER AG's profitable course of growth. Regarding his reappointment, Felix Strohbichler states: “PALFINGER AG is a great company with enormous potential. With our new company strategy 2030, we as the whole Executive Board have set ourselves high goals that we want to achieve above all else. Driving forward digitization, aligning the company with full solutions and further increasing financial performance are the focal points of this strategy. As a member of the Executive Board, I look forward to continuing to contribute to PALFINGER AG’s success.”