Josef MÃ¤rtl has been named to the top post at machinery maker Krauss-Maffei Kunststofftechnik GmbH, the Munich company announced March 21.
MÃ¤rtl, 44, was named speaker of the KM managing board. A KM spokesman said the speaker position is now the top executive job at Krauss-Maffei, which means MÃ¤rtl is taking over the position left open since Wilhelm SchrÃ¶der left in September. SchrÃ¶der's title was chairman of the managing board.
MÃ¤rtl has served on the managing board since January 2000. Before becoming speaker, he was managing director in charge of technical matters, including responsibility for engineering for injection molding machines.
KM also makes extruders and polyurethane equipment.
The rest of the management team remains unchanged: Graziano Parisi continues as head of extrusion machinery, and Winfried KÃ¶hler and Klaus Scheikowski hold top positions in sales management.
MÃ¤rtl said KM maintained its market share in 2002, despite the manufacturing downturn. The company had sales of 422.7 million euros ($400 million) and employed about 2,200. KM exports about 72 percent of its production.
Krauss-Maffei is the largest of the six units of Mannesmann Plastics Machinery AG, which is owned by Kohlberg Kravis Roberts & Co. of New York.