New Chief Financial Officer: Patzak taking over, Salzmann leaving - Outlook for financial year 2016 again confirmed
There will be a change in the Executive Board at Bilfinger from October 1. Dr. Klaus Patzak (51) will take over as Chief Financial Officer. He succeeds Axel Salzmann (58), whose request for an early termination of his contract as of September 30, 2016 and to step down from his position as CFO and Member of the Executive Board has been accepted today by the Supervisory Board of Bilfinger SE.
“Bilfinger has been able to gain an experienced industry manager and capital markets expert in Klaus Patzak. He successfully shaped the initial public offering of Osram and, as Chief Financial Officer, restructured Osram AG and made it viable for the future. He also served in a number of management functions at Siemens AG, most recently as Head of Accounting and Controlling for the entire group. In the Executive Board, Klaus Patzak will make a substantial contribution to the development of Bilfinger as a leading international industrial services provider,” says Eckhard Cordes, Chairman of the Supervisory Board at Bilfinger. “We would like to thank Axel Salzmann for his successful commitment. He laid important groundwork for the repositioning of Bilfinger in complex times.”
Axel Salzmann has been Chief Financial Officer at Bilfinger SE since April 1, 2015 and in May and June 2016 also assumed the responsibilities of Chief Executive Officer on an interim basis. During his time in office, Salzmann’s initiatives made a significant contribution to the repositioning of the company.
Outlook for financial year 2016 once again confirmed
On August 10, in its half-year financial report, Bilfinger confirmed its outlook for the 2016 financial year. The forecast remains unchanged.
Dr. Klaus Patzak
Born 1965 in Munich, Germany
Career
from October 1, 2016
Bilfinger SE, Mannheim
Member of the Executive Board and CFO
2011-2016
Osram Licht AG, Munich
Member of the Executive Board and CFO
2007
Siemens AG, Munich
Corporate Vice President, Chief Accounting Officer & Controller
2004
Head of Accounting and Financial Reporting
2002
Head of Financial Audit
2000-2002
Infineon AG, Munich
CFO of Business Unit Wireline Communication
1993-2000
Siemens AG, Munich
Various management positions in the commercial area
Educational background
1993
Promotion (Ph.D.), Dr. oec.,
Ludwig-Maximilians-University, Munich
1991
Diplom-Kaufmann (MBA),
Ludwig-Maximilians-University, Munich
1986
Industriekaufmann IHK