Engel announces Neumann's retirement

Injection molding machinery maker Engel Austria GmbH, headquartered in Schwertberg, has announced the upcoming retirement of its CEO. Peter Neumann, 60, will step down, effective Nov. 30. The following day, Stefan Engleder, the great-grandson of Engel founder Ludwig Engel, will take over as chairman of the executive board. Engleder, who has spearheaded R&D, engineering and production for more than three years, will be joined on the board by Christoph Steger, Klaus Siegmund and Joachim Metzmacher.