In an early decision, the Supervisory Board of GEA Group Aktiengesellschaft has unanimously appointed Stefan Klebert (60) as Chairman of the Executive Board for a further two years – through the end of December 2028 – and extended his term of office accordingly.

Prof. Dieter Kempf, Chairman of the GEA Supervisory Board: “The Supervisory Board is delighted that Stefan Klebert has agreed to extend his term of office, thus continuing our successful and trust-based cooperation. He has been highly successful in driving the company’s transformation and securing GEA’s entry into the DAX. We are convinced that his strategic foresight and clear direction will guide GEA into its next phase of growth.”

Top GEA executives appointed to head restructured Executive Board areas

As well as extending the CEO’s contract, the Supervisory Board also resolved to expand the Executive Board to six Executive Board areas from 2026. Successful executives from GEA’s existing divisional and functional leadership team have been appointed to head these new areas: Alexander Kocherscheidt (51) is appointed to be Chief Financial Officer (CFO). He will succeed Bernd Brinker (60), who will leave GEA effective 31 October, 2025, by mutual consent. This enables a further reduction in the average age of the Executive Board and an early succession for the CFO position, in line with the overall reorganisation concept. Alexander Kocherscheidt, currently CFO of the Liquid & Powder Technologies Division, joined GEA in 2019 as Head of Group Finance, having previously held various management positions at ThyssenKrupp. He began his career in investment banking at Sal. Oppenheim.

Dr. Nadine Sterley (44) will assume responsibility for the new People & Sustainability Executive Board area, as well as the role of Director of Labor. Her area of responsibility will include the HR, Sustainability, and Legal core functions. To date, she has served as GEA’s Chief Sustainability Officer and Chief Human Rights Officer. Prior to this and since mid-2016, she held various positions within the company. Before joining GEA, Nadine Sterley worked as an attorney at a prestigious international law firm.

Kai Becker (44) will assume Executive Board responsibility for the Pure Flow Processing Division. This restructured division will comprise the Separation & Flow Technologies Division and the components business of Heating & Refrigeration Technologies. The Heating & Refrigeration Technologies Division currently headed by Kai Becker will be dissolved as of December 31, 2025. Kai Becker has worked for GEA since 2004.

Klaus Stojentin (58) will assume Executive Board responsibility for the Nutrition Plant Engineering Division. This restructured division will combine the business of the Liquid & Powder Technologies Division with the Heating & Refrigeration Solutions business of the Heating & Refrigeration Technologies Division. Klaus Stojentin joined GEA in 2003 and currently heads the Separation & Flow Technologies Division.

Peter Lauwers (55) will assume Executive Board responsibility for the Pharma & Food Applications Division, currently known as the Food & Healthcare Technologies Division; the Division’s portfolio will remain unchanged. He has served as Divisional CEO at GEA since 2020, leading Farm Technologies until 2024 and Food & Healthcare Technologies thereafter. Peter Lauwers previously held various senior management positions at Atlas Copco.

All new members of the Executive Board will serve for a term of three years until December 31, 2028, with the exception of Alexander Kocherscheidt, who has been appointed until October 31, 2028.

The Farm Technologies Division will continue to be led by Dr. Andreas Seeringer (44) and will report directly to the CEO.

“The Supervisory Board looks forward to fruitful collaboration with the new Executive Board team,” says Prof. Dieter Kempf. “We are firmly convinced that the new Executive Board members embody exactly the right mix of entrepreneurship, drive, and innovative spirit. They have demonstrated these attributes impressively in their previous roles at GEA. Together, they will make a pivotal contribution to GEA’s continued development as a technology and sustainability pioneer. At the same time, we extend our sincere thanks to Bernd Brinker, who is leaving by mutual agreement, for his important contributions and outstanding commitment. We greatly welcome that Johannes Giloth will support the transition phase of the COO area until mid-2026. We also thank him warmly for his very successful work, which has significantly contributed to the increase in value of GEA in recent years.”

Lean structures facilitate efficiency and rapid decision-making

The creation of the Pure Flow Processing, Nutrition Plant Engineering, and Pharma & Food Applications Divisions at the Executive Board level establishes the basis for the focused and agile management of the company, concentrating on the food, beverage, and pharmaceutical industries. This and the dissolution of the 14-member Global Executive Committee will streamline the leadership structure and facilitate clear and direct management of the country organisations by the Divisions. The new organisation will eliminate the existing matrix structure in the regions. As a result, it will be possible to reduce costs and take decisions even faster and in closer proximity to the market.

The area headed by Chief Operating Officer Johannes Giloth (55) – currently an Executive Board area – will be dissolved with a transition period through June 30, 2026. A centralised procurement function will be retained, in future reporting to the CEO. The other key COO functions will be integrated into the portfolios of the other Executive Board members. Johannes Giloth will be closely involved in the handover of his responsibilities over the coming months to ensure an orderly and smooth transition.

In future, the fast-growing and strategically important markets of China and India will report directly to the CEO in order to foster entrepreneurship and accelerate growth.

GEA CEO Stefan Klebert: “I greatly look forward to working with my new Executive Board team, all of whom I have known for many years and respect both professionally and personally. I would like to thank our Supervisory Board for the trust placed in me and the future Executive Board team. With the new Executive Board and organisational structure, we are establishing an even better foundation for accelerated profitable growth as part of our Mission 30 strategy. I owe special thanks to those colleagues who are leaving for their pivotal input. In particular, the efficiency programs of recent years in the COO area have contributed greatly to growing GEA’s value.”

Supervisory Board Chairman will be proposed for reelection

On the recommendation of the Nomination Committee, the GEA Supervisory Board will propose to the Annual Shareholders’ Meeting 2026 that Prof. Dieter Kempf be reelected as the Chairman of the Supervisory Board for a further year, until the conclusion of the ordinary Annual Shareholders’ Meeting 2027. The ongoing leadership of Prof. Dieter Kempf is intended to facilitate a continuation of the trust-based collaboration within the Supervisory Board and with the Executive Board as the company transitions to the new management and organisational structure. It is also intended to ensure an orderly succession process within the Supervisory Board.

Investment to grow critical infrastructure of leading global beverage solutions provider

Refresco Group B.V., one of the largest independent beverage contract manufacturers in the world, and KKR, a leading global investment firm, announced that KKR has signed a definitive agreement to acquire a majority stake in Refresco, with Refresco’s existing investors, PAI Partners and British Columbia Investment Management Corporation (“BCI”), maintaining a significant minority position. Terms of the transaction, which is subject to closing conditions, were not disclosed.

Founded in 1999, Refresco is a global independent beverage solutions provider for retailers and branded beverage companies with pan-regional coverage in Europe and North America through its network of bottling, warehousing, logistics and other operational assets. The Company’s production platform includes over 70 majority-owned manufacturing sites in Europe, the U.S., Canada and Mexico, providing customers with close proximity and a reliable service across geographies. Refresco has built long-standing relationships with its customers by partnering to support material planning, procurement, manufacturing, warehousing, fulfillment, and distribution.

KKR will support Refresco as it expands its global and strategically located footprint to better serve existing and new customers through a range of formats and channels. The Company will build on its ability to manufacture high quality products that meet the growing demand for sustainable beverage solutions, with a focus on sustainable sourcing, responsible production and environmentally friendly operations.

“We are very pleased to welcome KKR, one of the world’s most prominent investment firms, as our new majority owner. We are proud that PAI and BCI will continue as shareholders, which is a testament to our successful value creation,” said Hans Roelofs, CEO of Refresco. “To support further growth, we have explored the various alternatives available to us and believe that the investment by KKR is an incredibly positive development for the Company. Like our existing shareholders, KKR is supportive of our strategy and will bring operational expertise, access to capital and a well-established network to support us in our growth, innovation and M&A strategy. Our focus of growing alongside our customers, combined with expanding into new categories and geographies, remains unchanged. I look forward to this new chapter, and for all our employees and customers to capitalize on the opportunities ahead of us.”

“Refresco has established itself as an industry leader supporting the global beverage industry with a blue-chip global customer base, an experienced and highly regarded management team, and an impressive network of assets that provides compelling value to customers. The Company also has a strong commitment to sustainability, which is an important differentiator for its customers,” said James Cunningham, Partner at KKR. “We look forward to leveraging our operational expertise from across the KKR platform to support the Company’s continued growth and further advance the sustainability of its value chain.”

“We are proud to have been instrumental in Refresco’s growth since we initiated our investment with BCI in 2018,” said Frédéric Stévenin, Managing Partner of PAI Partners. “We are even more excited about the prospect of continuing to stay a part of Refresco’s strong growth trajectory alongside KKR. We are convinced of Refresco’s unique value-add capabilities, its growth initiatives and a proven M&A track record, and we look forward to the next phase of this journey.”

“As an institutional investor with a long-term perspective, supporting strong management teams and market leading companies is core to our private equity program. We are in full agreement with Frédéric’s comments and are very happy to continue this partnership with management, PAI and KKR,” said Julian Remedios, Senior Managing Director, Private Equity, BCI.

KKR is making this investment primarily through its Global Infrastructure strategy, which was established in 2008. Since that time, KKR has been one of the most active infrastructure investors around the world with a team of more than 70 dedicated investment professionals. The firm currently oversees approximately $ 40 billion in infrastructure assets and has made over 60 infrastructure investments across a range of sub-sectors and geographies.

About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries.

At its meeting yesterday, the Supervisory Board of GEA Group Aktiengesellschaft extended the contract of CEO Stefan Klebert (55) by five years until December 31, 2026.

“Over the last two years, Stefan Klebert has led GEA back to a more successful path through targeted measures, highlighting the Group’s great potential for sustainable and profitable growth,” said Dr. Helmut Perlet, Chairman of the Supervisory Board of GEA Group AG. “The Supervisory Board therefore expresses its fullest confidence in him and is pleased to be able to continue our extremely successful cooperation.”

“I would like to thank the Supervisory Board for the trust they have placed in me,” commented Stefan Klebert, CEO of GEA Group AG. “GEA is a fantastic company with a compelling outlook for the future. I look forward to continuing to shape the company’s successful transformation.”

Shortly after Stefan Klebert took over as CEO in 2019, GEA initiated and consistently implemented several projects to improve efficiency. These initiatives, along with the short-term measures to manage the effects of the COVID-19 pandemic, have played a decisive role in ensuring that for the fiscal year 2020, GEA will again achieve significant gains in EBITDA before restructuring measures and the corresponding margin. In particular, the new organizational structure introduced in January 2020 has proven its worth by placing more revenue responsibility and decision-making power in the hands of local management.

Stefan Klebert became CEO in February 2019 and has been a member of the Executive Board since November 2018. On the Executive Board, he is responsible for all five divisions as well as the regions & country organizations. In this role, he also performs the function of Labor Director.

CARBIOS, an innovative green chemistry company specializing in enzymatic bioprocesses applied to plastic and textile polymers, and TechnipFMC announced the launch of a project for the industrial development of CARBIOS PET enzymatic recycling process. This innovation will allow to produce virgin PET from plastic waste. This contract covers assistance to CARBIOS for the scale up of its process to ensure industrial competitiveness.

CARBIOS’ proprietary innovation provides an industrial solution to fulfill sustainable development requirements of PET production processes. The global market of PET records a 4 % to 5 %^[1] annual growth and represents a world production of 64 million tons each year^[2] (eq. $70 billion), split between one third of plastics and two thirds of fibers. In 10 years’ time, the annual production of this market is expected to reach 100 million tons (eq. $110 billion).

This process has been developed for the recycling of PET plastics, namely bottles, films and packaging. It enables to overcome constraints and limits of current recycling processes by the treatment of all kind of plastics containing PET (transparent, coloured, opaque and complex), and by the recovery of high-performance virgin PET directly from plastic waste. For the first time, a biological process paves the way to infinite recycling of PET following circular economy principles.

CARBIOS and TechnipFMC, world-leading Company in the fields of energy, chemistry and bio-sourced industries, signed this contract to transpose CARBIOS’ process from the laboratory to the pilot scale. This assistance will further aim at supporting the development of the project and define the bases of the industrial process. Through this contract, CARBIOS will benefit from TechnipFMC industrial know-how in bioprocess engineering and from the expertise of its German affiliate Technip Zimmer, in PET polymerization technologies.

Alain François, General Manager of TechnipFMC Operating Center in Lyon, notably in charge of the projects for chemical and bio-sourced industries, commented: “We are delighted to work with CARBIOS on this enzymatic recycling process that represents a true revolution in the world of PET. We have gained a solid experience in process engineering and we are very enthusiastic at the idea to assist CARBIOS in shaping the industrialization of this innovation. It’s a premiere in the world of green chemistry to which we can bring our expertise and know-how in the fields of process industrialization, engineering and project management.”

^[1] Source: Smithers Pira in 2014, Icis in 2009 and Pira International in 2012

^[2] Source: SRI Consulting in 2010, ICIS in 2009, Samsung in 2010, Tecnon in 2013 and IHS in 2014