Alexander Sagel becomes the third board member of the RENK Group.
He will be responsible for operational management of the Vehicle Mobility Solutions (VMS), Marine & Industry (M&I) and Slide Bearings (SB) segments, as the company announced on Tuesday evening. In this role, the operations and technology areas would also report to him. According to further information, Sagel has held various management positions in the Rheinmetall Group in recent years.
In XETRA trading, RENK shares temporarily rose by 2.24 percent to 25.56 euros.
AUGSBURG (Dow Jones)
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