Wilhelm SchrÃ¶der, who left the top spot at Krauss-Maffei Kunststofftechnik GmbH in 2002, has resurfaced at another German company - SMS Plastics Technology, which makes Battenfeld injection presses, American Maplan and Cincinnati extruders and Battenfeld Gloucester film equipment.
Effective Jan. 12, SchrÃ¶der was named to the management board of SMS AG, based in Meinerzhagen. He will be managing director of SMS Plastics Technology, together with Steffen Burghoff, who is the director responsible for finances.
SchrÃ¶der, 46, left Krauss-Maffei, a Munich, Germany-based maker of injection presses, extruders and polyurethane processing equipment, in September 2002, after eight years with the company.
He departed just as New York buyout firm Kohlberg Kravis Roberts & Co. was closing on its purchase of KM's parent, Mannesmann Plastics Machinery GmbH. SchrÃ¶der and MPM's board disagreed over management issues, according to a company executive and a memo issued to Krauss-Maffei employees at the time.
Meanwhile, SMS had its own top management changes. SMS hired Burghoff last September to replace Helmut Eschwey, who left SMS in June to become chairman of a large German precious metals and technology company, Heraeus Holding GmbH.
SchrÃ¶der was not available for comment.
He comes to the machinery maker as German conglomerate MAN AG recently announced it plans to sell its majority stake in SMS to its partner owner, the Weiss family.
Besides plastics machinery, other SMS businesses include metallurgy, rolling mills and metal tubing.