Manz AG Reorganizes Managing Board and Introduces Efficiency Program

Manz AG, a high-tech mechanical engineering company, has initiated a comprehensive efficiency program and restructured its Managing Board. The company's CEO, Martin Drasch, will depart, and Dr. Ulrich Brahms will assume the role from September 1, 2024. Stefan Lutter will join as CTO.

The efficiency program aims to streamline the organization and optimize processes, including merging divisions at the Reutlingen site and introducing short-time work to adapt to market conditions. This strategy addresses challenges such as the reluctance of European customers to invest in battery production.

Manz AG will intensify its focus on the semiconductor market, leveraging its expertise in wet chemical process systems and advanced packaging technology to expand its business in the high-tech chip industry. The company aims to develop solutions for various sectors, including automotive and electronics.