Waller new CFO of Flender
By Jack Burke28 April 2021
Flender was acquired by The Carlyle Group in 2020
Dr. Peter Waller will become CFO of the Flender Group on May 1, succeeding Dr. Ulrich Stock who will resign from his position as CFO of the Flender Group by mutual agreement as of April 30.
Waller has broad international and capital market experience. He was most recently CFO of Swissport International AG and for CEVA Logistics. Flender, a leader in mechanical and electrical drive technology, is based in Bocholt, Germany. Global investment firm The Carlyle Group, acquired Flender from Siemens in 2020.
“Ulrich Stock has decisively shaped the positive development of Flender over the past years and, together with the management team, steered the company towards a successful future,” said Flender Group CEO Andreas Evertz. “I thank him for his commitment and wish him all the best for his future professional and private life. With Peter Waller, we have found an experienced CFO to succeed him, who will continue the successful path of Flender.”
Stock had been employed in various functions in the Siemens Group worldwide since 1991 and joined Flender as CFO in October 2012. In this function, he has decisively accompanied and helped shape many change processes and the positive development of the company, such as the separation of the Mechanical Drives Business Unit of the Siemens Group to the independent Flender GmbH including subsidiaries up to the recent sale and transfer to Carlyle. In order to ensure a smooth transition, Dr. Stock is still assisting the Flender Group in an advisory capacity.