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:

Comments

Login or Create new account to add a comment!

Recommended

The Shooting Brake is probably the least rendered body shape in the automotive world. But it’s also the most sought after design among car nuts for its unique, old-fashioned charm....
by - January 23, 2017
Perhaps to make the upcoming Valentine’s day more special, Tinder dating app and Ford UK have cooked up a special blind date for all the single blokes and chicks in...
by - January 23, 2017
2017 is undeniably a very busy year for BMW. After introducing the new 4-Series, the German automaker has just released several new updates. In relation to this, BMW is also...
by - January 23, 2017
The renowned Shelby Super Snake is now 50 years old! As we greet the Super Snake a “happy birthday” or a “happy anniversary,” Shelby itself is celebrating half a century...
by - January 23, 2017
Nearly a year after the Subaru XV Concept was unveiled at the 2016 Geneva Motor Show in Switzerland, this SUV study is making its North American debut at the 2017...
by - January 23, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries