# German defence firm Renk Group appoints Alexander Sagel as CEO
Published: 2024-11-25
Category: News
Category URL: https://tradingherald.com/category/news/
Meta Title: Renk Group names Alexander Sagel CEO in leadership shake-up
Meta Description: Renk Group announces new CEO appointment and revenue growth in vehicle mobility segment. Susanne Wiegand steps down as current CEO. Find out more.
URL: https://tradingherald.com/german-defence-firm-renk-group-appoints-alexander-sagel-as-ceo/

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(Reuters) – German defence firm Renk Group said on Sunday it had appointed management board member Alexander Sagel as CEO effective Feb. 1, 2025.

Sagel currently serves as management board member and COO of the company.

The current CEO, Susanne Wiegand, will step down from her position by the end of January, due to personal reasons, according to a company statement.

Earlier this month the tank equipment maker reported bigger-than-expected third-quarter revenue, led by higher demand in its vehicle mobility segment.

(Reporting by Rhea Rose Abraham in Bengaluru; Editing by Ros Russell)


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