At Rheinmetall AG, change and continuity at the top: Armin Papperger is new CEO; Helmut Merch takes over as CFO
Armin Papperger, 49, takes over as Chairman of the Executive Board of Rheinmetall AG effective 1 January 2013. As already announced in May 2012, he succeeds Klaus Eberhardt, 64, who is retiring. Since the beginning of 2012, Armin Papperger has represented the Group’s Defence arm on the Executive Board, and will continue to do so.
Newly appointed to the Rheinmetall AG Executive Board is Helmut P. Merch, 56, previously CFO of Defence, a post he will continue to occupy. Mr Merch replaces Dr Herbert Müller (59), who stepped down from the Executive Board at his own request.
A member of the Executive Board of Rheinmetall AG since 2001, Dr Gerd Kleinert will continue to represent the Group’s Automotive arm there, simultaneously serving as Chairman of the Executive Board of KSPG AG. The Executive Board of Rheinmetall AG has been reduced to three members.
Planning ahead, the Supervisory Board of Rheinmetall AG set the points for a successful transition back in May 2012, assuring continuity of leadership at the highest level of the Düsseldorf, Germany-based Group.
Armin Papperger has worked for the Rheinmetall Group since 1990. After holding various senior management posts in Group subsidiaries, he joined the Executive Board of the Group’s Defence arm in 2010, with special responsibility for Vehicle Systems as well as Weapons and Munitions. For the past twelve months, he has served as Chairman of the Executive Board of the Group’s Defence unit and as a member of the Executive Board of Rheinmetall AG. In recent years Armin Papperger has played a pivotal role in internationalizing the Group’s Defence operations and integrating new foreign subsidiaries.
Helmut P. Merch has been with the Rheinmetall Group since 1982. Right from the start, he held a number of managerial posts at Group subsidiaries, eventually serving as a division head and member of the Executive Board of Jagenberg AG, the Group’s former mechanical engineering subsidiary, and later as Deputy Chairman of the Executive Board of Aditron AG, a former electronics subsidiary. Mr Merch has served as CFO of the Group’s Defence unit since 2001.
Klaus Eberhardt, who headed the Rheinmetall Group as Chairman of the Executive Board for 13 years, and Dr Herbert Müller, CFO of Rheinmetall AG since the beginning of 2000, will continue to serve the Group. Klaus Eberhardt remains Chairman of the Advisory Board of KSPG AG, the Rheinmetall Group’s Automotive arm.
Rheinmetall AGDr. Philipp von Brandenstein
Head of Corporate Communications
Rheinmetall Platz 1
Phone: +49 211 473-01
Fax: +49 211 473-4158