CEO Peter Mohnen To Leave KUKA

(eap) Germany-based automation specialist KUKA, which is majority-owned by China’s Midea Group and known in the attractions industry for robotics-based rides such as its “KUKA Coaster”, has announced that CEO Peter Mohnen will be leaving the company on July 1 of this year at his own request. Mohnen, who has been with KUKA since 2012 and has served as CEO since 2018, stabilized the company in times of global changes and challenges: “Peter Mohnen has successfully transformed the company into a global, customer-oriented and innovative technology group and led KUKA Group to historic sales and earnings records. We very much regret Peter Mohnen’s departure and wish him all the best and continued success in his future career and life,” emphasizes KUKA’s Supervisory Board Chairman Andy Gu.

Peter Mohnen explains: “I look back on my time at KUKA with pride and gratitude. Together with our customers and partners, we have helped shape automation worldwide, overcoming challenges and driving forward innovations that will shape KUKA Group’s strategy in the years to come. I would particularly like to thank the entire management team – and above all the KUKAns. The spirit that KUKA employees live around the globe is truly unique. Being part of this team has always been something special for me. I am an enthusiastic KUKAn and will remain connected to the company and continue to follow its development, even when it is time for me to open a new chapter.”

The Supervisory Board also decided to extend the contract of Alexander Tan, KUKA’s Chief Financial Officer (CFO), for a further three years. The Supervisory Board will provide information on the new CEO shortly after final details have been clarified, the company states. ■