The Supervisory Board of the KraussMaffei Group has reorganised the company’s management. Chi Zhang, formerly Chairman of the Supervisory Board, is now Chief Executive Officer, effective 10 January 2024. He succeeds Yong Li, who takes on the newly created position of Chief Administrative Officer. Supervisory Board leadership now becomes the remit of Shihao Yang, who joins KraussMaffei from the top management of main shareholder Sinochem.