The two long-standing and internationally experienced GEA managers were both appointed to the Group’s Executive Board with effect from January 1, 2016. Bersch is responsible for the Business Area Equipment, while Olsen is in charge of the Business Area Solutions.
“We are delighted to be able to continue our trusting working relationship with Steffen Bersch and Niels Erik Olsen. Their expertise in technologies and markets is pivotal in helping GEA prepare for the future and guiding the company through what is at times a challenging market environment,” said Dr. Helmut Perlet, Chairman of the Supervisory Board of GEA Group Aktiengesellschaft.
GEA is one of the largest suppliers of process technology for the food industry and a wide range of other industries. The international technology group focuses on process technology and components for sophisticated production processes in various end-user markets.
In 2017, GEA generated consolidated revenues of about EUR 4.6 billion. The food and beverages sector, which is a long-term growth industry, accounted for around 70 percent. The company employs almost 18,000 people worldwide. GEA is a market and technology leader in its business areas. The company is listed on the German MDAX stock index (G1A, WKN 660 200) and included in the STOXX® Europe 600 Index. In addition, the company is listed in selected MSCI Global Sustainability Indexes.