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GER - Dr. Rüdiger Kapitza leaves the Executive Board of DMG MORI AKTIENGESELLSCHAFT

Supervisory Board and major shareholder express their thanks for the many years of successful contribution

Bielefeld. Dr. Rüdiger Kapitza, Chairman of the Executive Board of DMG MORI AKTIENGESELLSCHAFT, has today resigned his position. His contract was terminated by mutual agreement during a meeting of the Supervisory Board.

Dr. Kapitza showed great commitment and dedication in driving the success story of DMG MORI AKTIENGESELLSCHAFT. In 1992 he joined the Executive Board of the company and since 1 April 1996 has been the Chairman of the Executive Board of the company. In this position he first of all pressed ahead with the integration of DECKEL MAHO before founding the DMG sales and service organisation. During his term, Dr. Kapitza strengthened the former GILDEMEISTER Aktiengesellschaft and positioned it globally. The cooperation with the Japanese partner, DMG MORI CO., LTD. was also established through Dr. Kapitza’s efforts and guided to a joint success worldwide. Dr. Rüdiger Kapitza has today resigned from his position as Chairman of the Executive Board of DMG MORI AKTIENGESELLSCHAFT, in view of DMG MORI CO., LTD.’s intention to conclude a domination and profit transfer agreement with DMG MORI AKTIENGESELLSCHAFT. He leaves the Executive Board by mutual agreement with the Supervisory Board. Dr. Kapitza is clearing the way for
a personnel realignment taking into account the planned domination and profit transfer agreement with the majority shareholder DMG MORI CO., LTD.

The Chairman of the Supervisory Board, Prof. Dr. Klinkner, thanked Dr. Kapitza for his many years of successful leadership of the company and his tireless efforts. He wishes him much happiness and success in the future and, most of all, the best of health.

Dr. Kapitza was appointed to the Executive Board of the former GILDEMEISTER Aktiengesellschaft in 1992 and was initially responsible for sales, marketing and services. Prior to that, Dr. Kapitza held various management positions within machine tool building. Amongst others, Dr. Kapitza was responsible for founding and expanding the DECKEL MAHO GILDEMEISTER (DMG) sales and service organisation worldwide. With the best results ever in the 145-year history of the company and more than 40 years’ service, the 61-year-old is now ending his active involvement in operations.

Dr. Kapitza says, "With the global positioning and a dedicated young management team at DMG MORI AKTIENGESELLSCHAFT, I consider the company to be in good order. DMG MORI can look to the future with optimism and pride."

The Executive Board

Source: ag.dmgmori.com

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