KraussMaffei Group announces management changes 

KraussMaffei is entering the new year with some changes in its management positions. It announced Dec. 11 that on Jan. 1, Alex Li will become CEO of the KraussMaffei Group and Chi Zhang will become chairman of the company’s supervisory board. 

Michael Hofmann will become CFO of the KraussMaffei Group on March 1. Meanwhile, chief administrative officer Yong Li is leaving the company to take on a new role at the Sinochem Group; that position will not be filled. 

Alex Li has been part of the management team as interim CFO since July 2025 and has extensive international experience in financial management and corporate governance.  

Alex Li said, “I am very much looking forward to the new role. Over the past year, I have had ample opportunity to get to know the business and the team. KraussMaffei is an innovative company, and I look forward to working with all employees to continue shaping the future of KraussMaffei and expanding our position as an innovation leader.”  

He succeeds Zhang, who served two years as CEO and will return to his previous position as chair of the supervisory board of the KraussMaffei Group.  

Hofmann takes over Alex Li’s role as CFO, transferring to KraussMaffei from the Putzmeister Group, where he served as group CFO and as a member of the executive board for the concrete pumps manufacturer.  

The moves are the latest changes at KraussMaffei, which has undergone a series of restructuring steps. In 2024, the holding company that owns it took it private. Based in Parsdorf, Germany, KraussMaffei Group is owned by China National Chemical Equipment (CNCE) Luxembourg, which in turn is owned by CNCE Hong Kong. Above those companies is Sinochem, which acquired ChemChina in 2021, about five years after that company purchased KraussMaffei.