Change in Management

At its meeting on October 11, 2018, the Festo Supervisory Board appointed Dipl. Ing. Dr. h.c. Oliver Jung as a new Member of the Management Board. He will join the company as Chairman of the Management Board starting November 1st, 2018. At the same time, Alfred Goll will yield his position as Spokesman of the Management Board and concentrate on managing the Human Resources department.

As Chairman of the Management Board, Mr. Jung will bring his wealth of experience from major internationally operating family-owned companies to Festo. Following positions at Robert Bosch GmbH and Schmitz Cargobull AG, Mr. Jung was Member of the Management Board and Chief Operating Officer at Schaeffler AG, with responsibility for production, logistics and purchasing from 2013 to 2018. At the same time, he managed the internal Bearing Components and Technologies Division.

Within the Management Board, Mr. Jung will be responsible for “Corporate Management and Strategy” at Festo. The Owners and Supervisory Board are convinced that Mr. Jung will play a pivotal role in the successful further development of the company, both in his area of responsibility as well as within the entire Management Board.

Sincere thanks go to Mr. Alfred Goll, who in his role as Spokesman of the Management Board in the last two years has rendered outstanding service to the company.
The Owners, Supervisory Board and Management Board are looking forward to working with Mr. Jung and wish him a good start and every success in his new position.