BAD OEYNHAUSEN, GERMANY (Dec. 29, 11 a.m. ET) — Balda AG, a German injection molder of electronic and medical products, has a new CEO. The company announced Dec. 29 that Rainer Mohr will step down on Jan. 1 “as a result of differing views regarding strategy” with the firm's supervisory board.
Dominik Müser was appointed CEO; he will be responsible for company strategy. Müser will also perform the functions of chief financial officer. James Lim was named chief operations officer.
Müser was previously a partner with Roland Berger Strategy Consultants GmbH, a consulting firm. Lim was formerly CEO of Balda's subsidiary in Malaysia.
They replace Mohr, who had overseen the Bad Oeynhausen-based company's recent restructuring. The news release announcing his departure said the firm's supervisory board “wishes to thank Rainer Mohr for his work.”
Balda's products include moldings and assemblies for pharmaceutical and medical technology, consumer electronics, electronic communications and mobile phone sectors.
In addition to molding plants in Germany and Malaysia, Balda has a product design and development subsidiary in the United States. The firm also is a shareholder in a touchscreen manufacturer in China.