Cicor Appoints Peter Neumann as New CFO; Launches New Special Management Incentive Plan


Reading time ( words)

Cicor Group announces that Peter Neumann will take over the role as Chief Financial Officer (CFO) of the company. In addition, Cicor announces a new special management incentive plan for about 30 of the company's senior managers.

Peter Neumann, 46, will join the company as of November 22, 2021 and will take over the role as CFO and member of the Group Management as of January 01, 2022. He succeeds Patric Schoch, who announced in June 2021 that he will leave Cicor at his own request as of the end of June 2022 to take up a new challenge outside the company. Patric Schoch will ensure a smooth transition until his departure from the company.

Peter Neumann has extensive business experience in finance, M&A and corporate integration. Most recently, he was Global Finance Director at Swiss based Markem-Imaje, a global provider of product identification and traceability solutions with more than 3,000 employees. He was responsible for all Commercial Finance divisions, led M&A strategy development & execution as well as an overall Finance transformation program. Peter Neumann is a German national, he holds a Master of Business Administration and a Master of Computer Science, both from University of Passau, Germany. Additionally he is a Chartered Financial Analyst (CFA) and has served as President and member of the Board of Directors of the CFA Society of Switzerland.

The Board of Directors and the Group Management warmly welcome Peter Neumann and wish him much success in his new role. Furthermore, they would like to thank Patric Schoch for his many years of great commitment for Cicor and wish him all the best for his business and private future.

As a sign of unprecedented support and to create greater alignment between Company shareholders and management, a share-based special management incentive plan is introduced for about 30 key managers of the Cicor Group. The program is fully sponsored by One Equity Partners (OEP), the anchor shareholder of Cicor, and is administered solely by the Board of Directors of the Cicor Group. This guarantees a strict compliance with the common governance and transparency guidelines. The special management incentive plan does not give rise to any obligations to OEP by Cicor and the employees concerned and creates no additional costs or liabilities for the Company or all other shareholders. 

The incentive plan will be subject to a shareholders' consultative vote in the spring 2022 during the ordinary Annual General Meeting.

Share

Print


Suggested Items

MivaTek’s New Technology and Market Drivers

01/19/2021 | Nolan Johnson, PCB007 Magazine
I recently spoke with Brendan Hogan about the upcoming new product releases from MivaTek. The conversation flows naturally from the new product’s market drivers to the X=Xc – 1 idea that is at the core of the market drivers.

Bruce Mahler Discusses Ohmega Technologies' Acquisition by Arcline Investment Management

01/13/2021 | Nolan Johnson, I-Connect007
I-Connect007’s Nolan Johnson catches up with Bruce Mahler, vice president and general manager at Ohmega Technologies, about Thursday’s announcement that Ohmega Technologies has been acquired by Arcline Investment Management. Mahler outlines the new opportunities this presents for Ohmega Technologies and discusses how this change in ownership will benefit existing customers and markets as well.

I-Connect007 Editor's Choice: Five Must-Reads for the Week

11/06/2020 | Andy Shaughnessy, Design007 Magazine
This past week, we published a variety of articles, interviews, and columns—and readers definitely made their favorites known. There was good news about hiring and staffing. (In case you were wondering, there are quite a few open positions in this industry right now.) We touched base with a pair of young engineers to get their thoughts on what it’s like for recent grads working in the PCB manufacturing community. We learned about a company’s new program that can help take some of the stress out of NPI. We also launched a new chapter in our “Just Ask” series, this time starring columnist Tara Dunn. And there was sad news that a contract manufacturer’s chairman had just passed away.



Copyright © 2021 I-Connect007. All rights reserved.