Sumitomo (SHI) Demag Plastics Machinery announces the expansion of its Executive Board with the appointment of Christian Maget as Chief Financial Officer, effective July 1, 2023.

Taking this step to strengthen the Executive Board will enable CEO Gerd Liebig to dedicate more of his time and focus on developing and advancing the Group’s strategic, technological and corporate positioning.

Joining Sumitomo (SHI) Demag in 2013 as Head of Controlling, Christian Maget was appointed Group General Manager Finance in 2018. Alongside his finance responsibilities, he oversees human resources, auditing and information technology. His strong involvement in the strategic development and internationalisation of the Group has helped to significantly boost company efficiencies. The introduction of functional KPIs, in particular, has been an enormous support to measuring performance and improving corporate decision-making.

Describing the rationale for having an Executive Board that is aligned to the strategically crucial areas of Sumitomo (SHI) Demag’s business, Liebig comments: “We are delighted to announce the appointment of Christian Maget to the Board. His strong analytical skills combined with his versatile experience, financial acumen and ability to implement ideas have been and will continue to be a real asset to the Group’s future strategic direction. This new structure ensures a team of proven experts aligned to specific business operations.”

Commenting on his CFO appointment, Christian Maget says: “Our modern energy-saving technology and a corporate culture underpinned by sustainability are a driving force as well as a duty in today’s world. I look forward to continuing to build and expand this in my new role as CFO together with our international business teams and local service partners.”