PALFINGER: Changes in the Executive Board


Martin Zehnder, responsible as COO for Research & Development, Production, Purchasing and Supply Chain, is leaving the Executive Board of PALFINGER AG after 15 years. Following intensive discussions with the Supervisory Board, Martin Zehnder has decided not to extend his term as a member of the Executive Board and is resigning by mutual agreement with immediate effect.

Martin Zehnder has made a significant contribution to the company's global success and its position as world market leader. With PALFINGER's transformation into a technology company, Zehnder believes that the time has now come to hand over his mandates. This guarantees continuity of responsibility for the transformation process over the long term and ensures the company's security and economic success, particularly in volatile times. That is why, following intensive discussions with the Supervisory Board, Martin Zehnder has decided not to extend his term as COO and to make the post available immediately.

The Supervisory Board and the Palfinger family would like to thank Martin Zehnder for the more than 18 years of successful work he gave the company. Under his responsibility, PALFINGER has made significant progress strengthening and expanding its position as world market leader in the industry. As a long-serving member of the Executive Board who has played a key role in the company's history, he remains associated with the strategic realignment of the company, the expansion of the global production and supplier network, and the implementation of the GLOBAL PALFINGER ORGANIZATION (GPO). The company appreciates his loyalty and commitment over the past 18 years, making PALFINGER ideally positioned for the future.


PALFINGER is an international technology and mechanical engineering company and the world’s leading producer and provider of innovative crane and lifting solutions. With around 12,700 employees (without contract workers), 30 manufacturing sites and a worldwide sales and service network of around 5,000 service points, PALFINGER creates added value from the challenges of its customers. PALFINGER is consistently continuing on its course as a provider of innovative, complete solutions that deliver increased efficiency and better operability, while leveraging the potential of digitalization along the entire production and value chain.

PALFINGER AG has been listed on the Vienna stock exchange since 1999, and in 2023 achieved record revenue of EUR 2.45 billion.



Katja Pötsch | Head of Public Relations & Executive Communication | PALFINGER AG
M +43 664 889 69 065  |