Mecalac CEO steps down

Mecalac CEO Georg Sick has announced his departure from the company after just over two years. The split is described as amicable and is said to be due to differences with executive chairman Henri Marchetta.

Mr Sick said in a statement, “I am leaving Groupe Mecalac S.A. as CEO and shareholder. Different views concerning the strategy of the company between Henri Marchetta and myself motivated my decision. We are terminating our partnership in friendship.”

Mr Sick joined Mecalac as CEO in April 2011, following his departure as CEO of Wacker Neuson at the end of 2010. The move also saw him acquire 25% of privately-owned Mecalac's share capital. Mr Marchetta had previously held the joint role of chairman and CEO. The company said at the time the change coincided with a new phase of further international expansion and accelerated growth.

Mecalac confirmed Mr Marchetta would resume the role of CEO.

The company manufactures wheeled and crawler excavators, wheeled loaders and multi-function machines. It acquired German wheeled loader producer Ahlmann Baumaschinen in 2002 and has two manufacturing plants in France, one in Germany and one in Turkey.