Progress-Werk Oberkirch AG announced that it has appointed Dr. Cornelia Ballwießer as Acting CFO effective as of December 12, 2020. She will therefore already assume the responsibilities of Bernd Bartmann after 15 successful years as CFO of PWO, will leave the Management Board and retire on December 31, 2020. Dr. Ballwießer has been a member of PWO's Management Board since November 1, 2020 and will become Chief Financial Officer effective January 1, 2021. Dr. Ballwießer began her career in the industrial sector in 1995 at VIAG AG in Munich and led the group-wide accounting department starting in 1998.