Handover at Abraxos Holding AG - parent company of the Meister Abrasives Group and Alfons Schmeier GmbH & KG

Mr. Frederik Dresen takes over the position of CEO for the entire Group as from 1st September 2019.

Throughout his career, Mr. Dresen has accumulated valuable international experience working in various functions at the Power Tools division of Robert Bosch GmbH and different countries such as Germany, Hong Kong, China, USA and Switzerland for more than 17 years.  He is, therefore, equipped with the necessary competences to master the future challenges of our fast-changing markets and to develop our business further.

Furthermore, Mr. Dresen will continue to implement the group’s strategy of diversification outside the world of automotive applications, all in close collaboration with the Board of Directors.

The previous CEO, Dr.-Ing. Peter Beyer, will take over from Thomas Meister as President of the entire Group as from 1st of November 2019. Additionally, he will continue to ensure the Group’s innovative capability and technological leadership as Chief Innovation Officer.

We would like to thank Dr.-Ing. Beyer for his outstanding accomplishments and wish Mr. Dresen every success for our future business endeavors.

The Board of Directors of Abraxos Holding AG