Franke Group chief executive Alexander Zschokke (pictured) has left the business over differing opinions about the further development of the company.
Zschokke became CEO in January 2013 and, under his leadership, the company has been strategically aligned over the past five years, with organic growth strengthened.
Patrik Wohlhauser will succeed Zschokke, effective from March 19.
Wohlhauser was previously the CEO of Wittur Holding, a global manufacturer and supplier of elevator components.
Michael Pieper, owner and CEO of the Artemis Group, parent company of Franke Group, said: “We thank Alexander Zschokke for his excellent work and for remaining in his role until we found a successor. We are pleased to welcome Patrik Wohlhauser as our new CEO. Today, Franke is well positioned and we believe that under his leadership the company can develop quickly and successfully as well as further increase its profitability. With Patrik Wohlhauser’s broad and extensive experience in international and operational management, he has a proven track record of success. He is also an effective leader with strong financial, operational, and sales skills – ideal qualities to accelerate the group’s profitable growth.”