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March 16, 2016 - Press Release

Cornelia Mast leaves long-established Kaiserslautern-based company.
Change in the management of PFAFF Industriesysteme und Maschinen GmbH

Effective March 15, 2016, Cornelia Mast, chairwoman of the management board at PFAFF Industriesysteme und Maschinen GmbH, will leave the company for H. Stoll AG & Co. KG. The Kaiserslautern-based sewing and welding machine manufacturer is part of the ShangGong Europe Group which in the course of its expansion activities recently acquired 26% of the shares in H. Stoll AG & Co. KG. Thus, Cornelia Mast will remain within the corporate group and assume the newly-created CFO-position at H. Stoll AG & Co. KG. Over the past few years, Mrs. Mast has made a fundamental contribution to PFAFF INDUSTRIAL in Kaiserslautern, completing a successful restructuring with the new owner ShangGong.

Also effective March 15, 2016, Robert Keilmann, who has been a member of the management board, will be appointed chairman of the management board at PFAFF Industriesysteme and Maschinen GmbH and will be responsible for the division production, research, development and strategic purchasing. He will also oversee the sites in Lorsch and Zhangjiagang. In addition to quality and sales, Yongwu Chen, the other member of the management board will be then be in charge of HR, IT, finance and administration.

PFAFF Industriesysteme und Maschinen GmbH is off to an excellent start in 2016; the capacity of the production departments in Kaiserslautern and at the KSL-site in Lorsch is being fully utilised. Over the next few weeks, the company will be exhibiting at important industry trade fairs in the US, Japan and Turkey. The company management is anticipating good feedback which will have an additional positive influence on incoming orders during the second and third quarters.

Further information:

Martin Schmidt
Phone +49 (0) 6301-3205-3292
Fax +49 (0) 6301-3205-3171
Email martin.schmidt@pfaff-industrial.com

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