Michael Stomberg will take over the position of chairman of Bauer’s management board from Thomas Bauer in November.
The formal appointment of Stomberg took place earlier this month on the 20 September.
Stomberg, born in Hamburg, began his professional career after completing his studies in physics in 1997 at the global consulting firm Booz Allen Hamilton in Munich, where he was responsible for strategic and operational projects in various sectors worldwide.
In 2006, Stomberg decided to switch to the industry and pursued his further career at Eagle Burgmann, a provider of industrial sealing technology. Most recently, Stomberg was chief operating officer in corporate management and responsible for production, product development and project business.
In May, Bauer announced that the chairman of its management board Thomas Bauer was to step down from the role after 32 years leading the business.
Thomas Bauer said: “While choosing a successor, we met Michael Stomberg and got to know him as a very dynamic manager who is interested in many topics and who has ideally qualified himself to manage an entire company for many years now.
“With his knowledge and many years of experience, he will be able to bring in a completely new perspective as chairman of the management board of Bauer.”