Change in the CFO Position at DEUTZ AG

DEUTZ AG has announced that CFO and Labour Director Timo Krutoff will leave the company on November 30, 2024. Krutoff, who has been with DEUTZ AG since December 2022, will be succeeded by Oliver Neu. Neu will take over the role on October 1, 2024.

Oliver Neu, born in 1981, currently holds the position of Senior Vice President Finance & Controlling at DEUTZ AG. Neu has extensive experience in finance, having previously worked in management roles at Thyssenkrupp Group both in Germany and internationally.

Dr. Dietmar Voggenreiter, Chairman of the Supervisory Board, expressed gratitude for Krutoff’s contributions, particularly during DEUTZ AG's transformation period. Voggenreiter highlighted Neu’s familiarity with the company's financial matters and his comprehensive understanding of the business, assuring a smooth transition.