Dr. Wolfgang Andree, President of ABP Induction, LLC and Managing Director of ABP Induction Systems GmbH has stepped back from his position effective April 15, 2015.
Mr. Till Schreiter, an international executive with over twenty years of experience in the electrical and metallurgical industries, will succeed Dr. Andree.
Dr. Andree will continue to be actively involved through a transition period, he remains a member of the board of directors and will remain as an advisor to ABP through 2016.
"Together with the customers, management team and board of directors we have transformed ABP Induction into one of the leading induction companies of the world.” Dr. Andree said. "After more than 24 years with the company and 16 years as Managing Director, it is time to pass the torch to the next generation and enjoy the many other challenges that life has to offer. I am proud of our accomplishments and look forward to working with Till, the board and the management team to ensure a smooth transition and a successful future for ABP."
Mike Felvey, ABP’s chairman commented "Wolfgang and CM Acquisitions have enjoyed a remarkable journey since acquiring ABB’s foundry unit in 2005, creating an autonomous global business supplying the finest companies of the world with market leading induction technology. Our board and investors are tremendously thankful for Wolfgang’s tireless leadership which has produced an enterprise of great value. Personally, I am pleased that my friend will have more time to enjoy his family, friends and many interests in the coming years.
The board is delighted to welcome Till Schreiter into this new role. Till possesses all the qualities required to successfully lead ABP to further success.” Till A. Schreiter joins ABP with over twenty years of experience in the electrical and metallurgical industries. Most recently a director with Atreus Interim Management, Till was a member of the management team of ABB AG where he served as Managing Director and head of the discrete automation and motion division in Germany and leader of strategic accounts. Previously, he was with SMS Demag where he was the managing director of SMS Demag South Africa, General Manager of the global electric steel mill business and Director of iron and steelmaking for North and Central America located in the USA. Mr. Schreiter began his career with MAN GHH where he started as an electrical engineer installing and commissioning arc furnaces. Mr. Schreiter has a degree in electrical engineering from the RWTH in Aachen.