[Translate to Chinese / Chinesisch:] ARGO-HYTOS, a global leader in hydraulic system solutions, is pleased to announce that Mr. Markus Munz will assume the role of Chief Operating Officer effective immediately. He succeeds Dr. Marcus Fischer, who took over the position of Chief Executive Officer of the ARGO-HYTOS Group in June 2024.

With over 27 years of experience in various leadership roles in production, logistics, and procurement, and a distinguished background in manufacturing companies in the automotive and hydraulics industries, Mr. Markus Munz will significantly contribute to achieving ARGO-HYTOS's strategic goals.

"I am looking forward to leading ARGO-HYTOS into the next growth phase and further expanding our innovative strength," said Markus Munz. "Our customers and partners can rely on a dedicated team working together to continuously improve efficiency, competitiveness, and operational excellence. The focus will also be on optimizing processes and increasing customer satisfaction through flexibility and reliable performance."

Mr. Stefan Schindler, who previously held the position of CMO of the ARGO-HYTOS Group AG, has left the company. Dr. Marcus Fischer will now take over the responsibilities of the CMO in addition to his CEO duties. This consolidation of responsibility for strategy, marketing, sales, and development under the CEO allows ARGO-HYTOS to more quickly and efficiently turn market and technology trends and customer needs into new products.

"Our goal is to drive innovation and offer our customers added value in functionality, efficiency, and economy in the further development of their machines and systems while always being at their side with the highest flexibility and implementation speed. By consistently focusing on market requirements, we strengthen our position as a reliable and forward-looking partner and remain competitive in the long term," said Dr. Fischer.