Mr Schäbinger succeeds Michael Wolff, Pfleiderer Group’s president and CEO, who does not wish to extend his contract which expires in December 2017 and who will therefore leave the group. The changes are effective as of July 1, 2017.

Michael Wolff has been with the group since 2004, firstly as CEO of the Western European segment and since 2013 as CEO of Pfleiderer Group. 

To lead the next stage of strategic development of the Pfleiderer Group, the supervisory board has selected Thomas Schäbinger. Michael Wolff will run the company until the end of June and will assist him in a smooth and successful transition.

Mr Schäbinger has been working as CEO of Bundy Refrigeration Group, cooling technology provider since 2015. Between 1998 and 2014 he held several positions in Mondi Europe and International (formerly known as Frantschach) a packaging and paper group with global operations in more than 30 countries and 25,700 employees.

Previously, Mr Schäbinger worked in various management positions including Unilever and Beiersdorf.