Light and compact equipment manufacturer Wacker Neuson SE has named Cem Peksaglam CEO, effective Sept. 1. Peksaglam succeeds Dr. Georg Sick, who left the executive board Sept. 15, 2010.
Peksaglam spent much of his career with the Bosch Group, where he held a variety of management positions. He spent nine years in international management, where he worked in South America, the Far East and other regions. From 2007 to 2010, Peksaglam was president and managing director of Robert Bosch Southeast Asia based in Singapore, with about 4,200 employees under his responsibility. Peksaglam took on management positions on an honorary basis in various chambers of commerce, umbrella organizations and industry working committees within and outside of Germany. He speaks six languages.
“Numerous strengths such as service and quality excellence, innovative product solutions, uncompromising customer focus and a dedicated workforce mean that Wacker Neuson has exactly what it takes to become an even bigger player in established and emerging markets,” said Peksaglam. “My role is to ensure that we dovetail these valuable assets as effectively as possible to secure the long-term success of Wacker Neuson.”
Hans Neunteufel, chairman of Wacker Neuson’s board of supervisors, said Peksaglam’s international experience made him a strong choice. “Establishing a strong base in Europe and North America was previously a top priority for many European construction equipment manufacturers,” said Neunteufel. “Over the next 20 years, however, Asia and South America will become major growth spots. Our decision to appoint Mr. Peksaglam CEO aligns with our strategy to capitalize on the challenges and opportunities presented by these markets. We are bringing on board an experienced business executive with a strong background in engineering, an outstanding international reputation and years of leadership at Bosch. Both he and his colleagues on the executive board of Wacker Neuson SE will give added momentum to our journey as we reach for our ambitious growth goals.”
As CEO, Peksaglam will also be responsible for investor relations, legal issues, human resources, group auditing, real estate and quality management.