SGL Carbon names Michael Majerus as new Chief Financial Officer

Article by Christian Andrei, on June 20, 2014

SGL Carbon has appointed Michael Majerus as its new chief financial officer, effective July 1. He is replacing Jeurgen Muth, who is stepping down as CFO on June 30. Majerus is up for a three-year term. Susanne Klatten, chairwoman of SGL's supervisory board, said in a statement that Majerus has an extensive experience in the financial and industrial markets, which should be valuable for the re-positioning of the Carbon fiber manufacturer.

Majerus started his career in 1989 with the Mannesmann engineering group in Germany, eventually holding a number of senior finance-related roles.

He served as finance chief of the memory products division of Infineon Technologies from 2000 to 2006.Majerus became head of finance at the pharmaceutical wholesaler Phoenix from 2009 until 2013.

SGL Carbon is expanding its operations as it experiences more demand for carbon fiber from its BMW Group, which holds an 18.4 percent stake overall in the company. BMW is using carbon fiber to build the i3 electric car and the i8 plug-in hybrid supercar.

Automotive News Europe reported in May that BMW’s joint venture with SGL will make a $200-million investment to triple the capacity of its carbon fiber site in the United States. The expansion would make the site largest producer of carbon fiber in the world, with an annual output of 9,000 tons by 2015.

If you liked the article, share on:


Login or Create new account to add a comment!


Many have been excited with the impending arrival of the next-generation Jeep Wrangler and the new 2019 Jeep Grand Wagoneer, which is slated to be the brand’s new range-topping model....
by - October 21, 2016
Chevrolet has taken the wraps off its new Chevrolet Colorado ZH2 at the fall meeting of the Association of the United States Army (AUSA). Tagged as the most extreme fuel-cell-powered...
by - October 21, 2016
Honda has unveiled the fifth generation of its hot-selling SUV – the 2017 Honda CR-V. The latest iteration of the CR-V should help it maintain its benchmark status in the...
by - October 21, 2016
Many are already expecting BMW to launch an ultra luxurious SUV that will serve at its new flagship by late 2018. Larger than the X5 and X6, the new X7...
by - October 21, 2016
Most of you may have heard or already have one of those autonomous home appliances doing the house chores. Thus, it’s not anymore unusual to see a car going places...
by - October 20, 2016