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The extension of the contracts of KUKA 's CEO Peter Mohnen and CFO Alexander Tan was approved at the last meeting of the Supervisory Board. This is according to a press release from the company. The parent company MIDEA is apparently satisfied with their work, as both were given a three-year contract, i.e. until the end of 2025.
The chairman of KUKA's supervisory board said:
"Peter Mohnen and Alexander Tan have stabilized KUKA in difficult circumstances and set the course for global growth even under challenging economic conditions. We look forward to continuing to plan with these two top leaders at KUKA."
Company stable despite difficulties
KUKA delivered a successful performance last year, achieving record order intake and sales despite difficulties such as supply bottlenecks, increased input costs and price increases. This enabled the company to expand its operating profit. KUKA achieved strong growth in order numbers, particularly in North America and China. The company has also expanded its presence in a growing number of industries, including electronics, logistics and consumer goods. As a result, KUKA now generates more than 50% of its sales in the General Industry division, in addition to the traditional automotive sector. The number of employees has increased at all major locations.
Kuka celebrates 125th anniversary
This year, KUKA is celebrating a special anniversary, the 125th anniversary of the company. It all began in 1898, when Johann Keller and Jakob Knappich founded the traditional Augsburg-based company under the name "Keller und Knappich Augsburg" with a production facility for acetylene headlamps. The name was later shortened to the acronym KUKA and is now known and recognized worldwide.