KraussMaffei Group announced that beginning Aug. 1, Thomas Giese will take over the duties of CFO of on an interim basis. The company said former CFO Jörg Bremer has stepped down from the role at his own request, effective July 31.
In his new role, Giese will be responsible for finance and control, treasury, accounting, taxes, legal and patents, and relocation projects. He will report to the management of the KraussMaffei Group, specifically CEO Chi Zhang. Through the rest of July, Bremer will hand over his responsibilities to Giese in order to ensure a structured transition.
Giese has served as CFO for various industrial companies such as BOS Group, the IFA Group and GKN Automotive, as well as having held various management positions for the Elster Group for over 18 years.
“We would like to thank Jörg Bremer for his great achievements over the past years,” Zhang said in a press release. “He has made important contributions to advancing KraussMaffei in key areas and has set important milestones for our company.”