Long-time Bystronic CEO Alex Waser has elected to retire as CEO. He will be succeeded by Domenico Iacovelli, who will assume the role of CEO, effective July 1, 2024. Under Waser, Bystronic more than doubled its revenues in the last ten years.

It grew organically and through strategic acquisitions, including China-based machine producer DNE and Spanish software company Kurago. Under Waser?s leadership, Bystronic has evolved from a company manufacturing sheet metal machines to a global full-solution provider in the sheet metal industry. Iacovelli brings extensive management and leadership experience, having spent 13 of his 20 years in the sheet metal industry in CEO roles.

In 2018 he was named CEO of Schuler AG and prior to that, CEO of Andritz Soutec. In April 2022, he was given additional responsibilities and named a member of the Executive Committee for ANDRITZ, as well as Head of Business Area Metals and Group Head of IT and Automation & Digitalization.