Oerlikon announced that Stefan Kross, CEO of the Manmade Fibers Segment, will retire at the end of 2014. In line with long-term succession planning, Georg Stausberg will succeed Stefan Kross as CEO of the Manmade Fibers Segment and will join the Oerlikon Executive Committee as of January 1, 2015. Georg Stausberg is currently COO of the Manmade Fibers Segment and is in charge of the operational and service business.

He has more than 25 years of experience within the Segment and previously held various key management positions, including CTO and Head of Business Unit. He will ensure the continued development and lead the success of the business.