INDUS : strengthens Board by adding fourth member

• Additional Board member to support the Group's growth and innovation strategy

The Supervisory Board of INDUS Holding AG has appointed Axel Meyer to the Board of Management with effect from 1 October 2017. Enhancing the technology segment within the Board of Management, he will primarily be in charge of Production and Investment.
Having studied industrial engineering at Paderborn University and spent time as a student in Argentina and the USA, Axel Meyer started his professional career at the Schuler Group. He subsequently served as Managing Partner and Management Board member at IMAGIN Prof. Bochmann AG, Eppstein im Taunus, an international management consultancy, before returning to Schuler AG as Head of Cutting and Forming Systems in 2008. Axel Meyer's most recent position was that of Managing Director of Schuler Pressen GmbH, Göppingen, and Head of the Service Division at Schuler AG, Göppingen. He holds a Master of Mergers & Acquisitions from the Frankfurt School of Finance & Management and is a certified rating analyst of the University of Augsburg.

'We are convinced that Mr Meyer will ideally complement the Board team both personally and professionally - especially thanks to his great expertise in production and technology in an SME yet internationally oriented environment,' says Helmut Späth, Chairman of the INDUS Supervisory Board. 'The INDUS Group will continue to grow strongly in the coming years - through innovation and internationalisation, through investments and acquisitions. Expanding our Board of Management is a logical and necessary step and will support this strategy also in the long term,' adds CEO Jürgen Abromeit.

For more information on the INDUS Board of Management, click here.