Chairman of the KSB Board of Management appointed

Dr Stephan Timmermann (56) will become Chairman of the Board of Management of KSB Aktiengesellschaft (“Vorstandssprecher”) with effect from 13 November 2017. This decision was taken today by the Supervisory Board of the pump and valve manufacturer. Following the appointment of Stephan Timmermann, five members of the Board of Management will then be in charge of managing the company until the end of year. As already reported, Dr Peter Buthmann (65) will leave the Board of Management as planned at the end of December 2017.

Stephan Timmermann is currently working as an independent management consultant in Augsburg. Until 2015 he worked in various roles for the Munich-based MAN Group. His last position was for ten years as a member of the Board of Management of MAN Diesel & Turbo SE. The mechanical engineer studied at Karlsruhe University of Applied Sciences and wrote his doctorate on the topic of automation engineering / robotics. At KSB, Stephan Timmermann will be responsible for Strategy, Communications, Legal, and Internal Audits, among others.