GERMANY –   As of September 1, 2024, Leuco AG, a global leader in cutting tool systems, will introduce a new executive board, ushering in a new era of leadership built on experience and innovation in the woodworking and materials industries.

The new board will include Daniel Schrenk, Roland Günther, and Frank Seifert—three long-serving experts within the company. Schrenk, a graduate engineer and former Managing Director, will serve as spokesperson of the board, overseeing Sales, Marketing, and Human Resources. Seifert, with a background in business administration and decades as CFO, will manage Finance, Controlling, Materials Management, and IT. Günther, a mechanical engineer and former Head of Production and Service at Leuco’s German headquarters, will lead Group-wide Production, Service, and Technology development.

This leadership change follows the retirement of Frank Diez after more than 18 years on Leuco AG’s Supervisory Board, including over 12 years as Chairman of the Board of Directors. “During his tenure, Leuco underwent a comprehensive transformation and became a technological pioneer,” said Supervisory Board Chairman Hans-Jürgen Döringer. Döringer added, “With this executive team, the Leuco Group is optimally equipped to meet global economic and geopolitical challenges.”

Leuco employs more than 1,200 people worldwide and operates across 20 subsidiaries and over 100 partners. Still family-owned, the company specializes in high-performance cutting tools for woodworking, as well as for mineral- and plastic-based materials, non-ferrous metals, and composites.