MUNICH—Pyrolyx A.G. has named Michael Triguboff as its new chief executive officer, replacing Bernhard Meder, the former interim chief executive who vacated the position at the end of 2018.
Meder has joined the company supervisory board of Pyrolyx A.G.
The appointment of Triguboff comes amid a major restructuring at the German tire pyrolysis company, which has seen the removal of its chief financial officer and the relocation of its headquarters from Germany to the U.S.
Triguboff will hold the position "until such time as Thomas Redd, CEO of Pyrolyx USA, can assume the management responsibilities without distraction from completing the Indiana plant," the company said in a statement.
The recovered carbon black (rBC) production plant in Indiana, is expected to have a 13,000 metric ton capacity, and is scheduled to start operations in June, according to Pyrolyx.
Triguboff represents "the largest investor" in Pyrolyx A.G. and has been a member of the supervisory board of Pyrolyx A.G. since 2014.
Under the German law, Triguboff had to step down from his role on the supervisory board in order to take the CEO.
The company has also appointed Andy Stecher as chief financial officer of Pyrolyx USA Inc. Stecher has more than 25 years of experience as a senior manager of global companies, including firms with operations in the U.S. and Germany.