As Kohlberg Kravis Roberts & Co. closed last week on its purchase of Mannesmann Plastics Machinery AG, it did so without a well-known executive. Wilhelm SchrÃ¶der left the firm in a dispute over future direction of the world's largest plastics equipment maker.
SchrÃ¶der ran Krauss-Maffei Kunststofftechnik GmbH, the largest of the six MPM units, with 2001 sales of more than 400 million euros ($358 million). Munich, Germany-based KM accounts for more than one-third of MPM's total sales.
SchrÃ¶der, 45, has managed KM for eight years. For the past six of those years, he held the top position, chairman of the managing board. He also served on MPM's executive board.
A brief announcement issued by MPM said SchrÃ¶der left effective Sept. 16. ``His employment within the MPM Group was terminated by mutual and friendly agreement,'' the news release said. A memo to MPM employees gave one more