At the virtual Annual General Meeting of Kuka Aktiengesellschaft, the shareholders ratified the actions of the Management Board and Supervisory Board. After the Corona crisis year, CEO Peter Mohnen gave a positive outlook for the first half of 2021.
For the second time, the Annual General Meeting was held in virtual form due to the coronavirus pandemic. Kuka CEO Peter Mohnen addressed the shareholders in a live video broadcast.
“Behind us lies a tough year, an exceptional year. Economically, socially, but also on a very human and private level,” said Peter Mohnen, looking back on 2020. Despite the still dynamic development of the pandemic, the CEO is optimistic about the future. “Operationally, we have had a good start to 2021. I expect this strong development to continue in the second quarter, and the trends can already be seen.”
In his speech, Peter Mohnen praised the achievements of CFO Andreas Pabst and the many years of excellent cooperation. On Wednesday, Kuka announced that Andreas Pabst will leave the company in the summer of 2021.
“I look back with satisfaction on what we have achieved,” said Andreas Pabst, thanking Peter Mohnen and the Kuka employees for their teamwork over the past years. “I think such good cooperation with full focus on the only goal – to make Kuka even better – is really exceptional.” Kuka is on course and does not need to hide from the challenges of the future. The CFO will join Midea’s Robotics and Automation division as CFO in July.
In addition, the supervisory board had extended Peter Mohnen’s term of office by three years until summer 2024 on Wednesday. “I would like to thank the board of directors and the Kukans for their confidence in my work,” said Peter Mohnen.