Wacker Neuson CEO to leave early

Dr. Georg Sick, CEO and president of the Wacker Neuson SE executive board has announced he is stepping down from his current role earlier than agreed.

In a short statement the company said the surprise move was at the request of Dr. Sick who wishes to "prepare for his next professional challenge."

Wacker Neuson's Supervisory Board had originally convinced Dr. Sick to remain in his position until the end of the year.

However, in a statement the company said, "Although the Supervisory Board regrets Dr. Sick's decision, it has agreed to shorten his residual term of office. The Executive Board has nominated Mr. Richard Mayer, currently responsible for the light equipment business segment, as their temporary spokesperson until an external successor can be found to take over the role of CEO and President."

No details were given of Dr Sick's next appointment.