German automotive supplier Grammer AG has appointed chief operating officer Manfred Pretscher as interim CEO, effective 1 Jan.
Pretscher will also act as interim chief financial officer (CFO) until both vacant positions have been filled. Jens Öhlenschläger, who has been with Grammer since 2015, has been appointed as COO and member of executive board to replace Pretscher.
The move follows a mass resignation of the company's executive board, who announced their departure after a major ownership shift in the shareholder structure of the company in September last year. At the time, Pretscher along with the long-standing CEO Hartmut Müller and CFO Gérard Cordonnier, announced their plans to resign, citing their contractual change-of-control rights.
Müller and Cordonnier left the company at the end of the year, but according to Grammer Pretscher will be retained until the end of June to ensure a smooth transition.
"The supervisory board is pleased that Manfred Pretscher has found a solution that ensures a smooth handover to the new members of the executive board,” said Klaus Probst, chairman of the supervisory board of Grammer AG.
Pretscher has been a member of the executive board of Grammer AG since 2010.