KBA appoints experienced restructuring expert to management board

His initial term commences from May 1, and is October 31, 2015, with an option to extend this by a further six months.

Plesske has extensive experience in management and restructuring as chief executive officer and CRO at German and international companies of varying sizes and from different industries. This includes companies similar to KBA active in machinery and plant engineering.

In December 2013 KBA introduced a program to strategically realign the group, and a series of measures aimed at strengthening the profitability and competitiveness of the company. The program’s priorities are the restructuring of the core business by sustainable capacity adjustments, optimization and concentration of the depth of added value at the different sites as well as the focus on print-related business fields with potential for growth.

This includes flexible packaging, where KBA has acquired Flexotecnica.