Polytec Holding AG announced that its CEO, Friedrich Huemer, will not further extend his executive management mandate, which expires at the end of the current year, and with effect from 31 December 2018 will stand down from the board. Markus Huemer Friedrich Huemer's, will assume management of the group as its CEO with effect from 1 January 2019. For the past thirteen years, he has contributed to POLYTEC's success in a diversity of functions and since 2014 he has served on the Board of Directors as its COO and deputy chairman.

The executive management mandate of Alice Godderidge, the group board's CSO, also expires at the end of the year and both she and the Supervisory Board have mutually agreed that this will not be renewed. During the past fifteen years, in a variety of posts Alice Godderidge played a decisive role in both POLYTEC's progress and the shaping of the group. Peter Bernscher will join the board as its CSO with effect from 1 August 2018.

As a former managing director, he was previously responsible for companies and subdivisions of voestalpine AG and in his last appointment was a member of the voestalpine Metal Forming executive board with responsibility for sales, marketing, sourcing and the Automotive Components Business Unit. Peter Bernscher also acted as the British Steel Ltd. CEO in the UK and therefore will bring extensive automotive market know-how and experience in a major concern to As per 1 January 2019, Heiko Gabbert will assume Markus Huemer's position as COO. He is currently the CEO of the POLYTEC Group's injection moulding business area.

Heiko Gabbert has served POLYTEC in a number of posts for the past fifteen years and thus disposes over wide-ranging market and customer know-how, as well as an in-depth understanding of the group. Peter Haidenek will remain in his post as POLYTEC CFO, an appointment that he has occupied since 2011.