Germany: Dieter Royal Appointed as New CFO of Tognum
- Business & Finance
The specialist for propulsion and power solutions Tognum decided at the meeting of the Supervisory Board on 14 March 2011, that Dieter Royal (47) will join the Executive Board as the new member responsible for the Finance and Corporate Services Division effective 1 October 2011.
Dieter Royal succeeds Joachim Coers (46) as CFO, who replaces Volker Heuer (58) as CEO of the Tognum Group as of 1 October 2011. As announced in April of last year, Volker Heuer will then terminate his contract and go into retirement. In his new position as CEO, Joachim Coers will continue as Labour Director of Tognum AG and will remain responsible for Human Resources worldwide.
Dieter Royal is currently Head of Corporate Finance at Tognum AG. In this position, he is responsible for Investor Relations, Accounting, Corporate Planning, Treasury, Taxes, Mergers & Acquisitions and Investment Controlling worldwide.
Dieter Royal, who holds a degree in Economics, has been with Tognum since 2007. Until July 2007, he had been at the MDAX-listed systems engineering supplier and robot manufacturer, KUKA AG, Augsburg. As head of the M&A department there, he was primarily responsible for repositioning the former IWKA AG in 2006/2007 and, in his simultaneous position as head of the Investor Relations department, was responsible for the associated capital market communications. Dieter Royal began his professional career in investment banking at Dresdner Bank AG in 1992. Until 1999, he held various management positions in the leveraged finance and capital markets departments at the bank’s offices in Frankfurt, New York and São Paulo. At Tognum, Royal reports directly to the CFO, Joachim Coers. Dieter Royal is married and has one child.
Source: Tognum , March 16,, 2011;