German robotics company KUKA extends contracts of CEO, CFO

German robotics company KUKA has approved early contract extensions for CEO Peter Mohnen and CFO Alexander Tan. Both men received a three-year contract that runs until the end of 2025.

KUKA’s supervisory board approved the extensions at its last meeting of 2022.

“Peter Mohnen and Alexander Tan have stabilized KUKA in difficult circumstances and set the course for global growth even under challenging economic conditions,” said Andy Gu, supervisory board chair. “We look forward to continuing to plan with these two top leaders at KUKA.”

KUKA posted record order intake and sales last year despite supply bottlenecks, large additional expenditures in the procurement of preliminary products and high inflation rates, the company said. Order numbers grew particularly strongly in North America and China.

KUKA also increased employment at all major locations.

The company, founded in 1898 in Augsburg with a production facility for acetylene headlights, celebrates its 125th anniversary this year.