OSTFILDERN-KEMNAT, Germany—Two German manufacturing companies are undergoing a management team change. Frank Naumann is the new CEO of both Wevo-Chemie GmbH and Zelu Chemie GmbH effective Nov. 1, the companies said in a news release.
Led by Naumann, the new management team aims to strengthen the international profile of both companies under the Dr. Neidlinger Holding GmbH corporate umbrella. The move is "part of the organizational development strategy to form a global corporate group," the company said.
"I'm excited to be taking the organization forward toward the next steps of its development," Naumann said in a statement. "Combining the strengths of Wevo and Zelu is necessary in order to cater to the regional demands of our markets and offer excellent products and solutions to our customers around the world."
Naumann previously held leadership roles at Henkel KGaA and Neste Oil, and was most recently was CEO of Tuebingen, Germany-based CHT Group, where he helped to drive further international growth.
Joining Naumann on the management team for both companies will be former CEO Jochen Frank, now chief technology officer, along with Chief Financial Officer Marcus Rausch and Chief Operating Officer Daniel Thomas.
Dr. Neidlinger Holding Managing Partners Florian and Christian Neidlinger both expressed excitement for the new management vision for the companies.
"We're delighted to have Dr. Frank Naumann on board as part of the new senior leadership team," Florian Neidlinger said.
Christian Neidlinger added, "With his strategic vision and many years of experience in the operational side of the business, Dr. Naumann will play a key role in further strengthening our companies and consolidating their market position."
