Leadership Change at Feintool: Transitioning to New CEO
Feintool's Leadership Transition
Major shifts in company leadership often mark pivotal moments in a business's journey. At Feintool, a leading technology provider in the precision parts industry, a notable change is set to occur. Torsten Greiner has decided to step down as CEO by the end of May 2025, making way for Lars Reich, currently the Chief Sales Officer, to take on the role of CEO starting June 1, 2025.
Background of the Leadership Change
This transition comes after mutual agreement between Greiner and the Board of Directors, highlighting a carefully planned succession. The Board expressed gratitude for Greiner’s dedication and the strides made during his tenure. His leadership has been instrumental in the company's transformation and growth.
In nominating Lars Reich as the new leader, Feintool is ensuring continuity and stability. Reich brings a wealth of experience, having been with the company for 25 years in various capacities. His deep familiarity with Feintool's operations positions him well to lead the organization forward.
Lars Reich: A Proven Leader
Lars Reich, aged 54, began his career with Feintool in the USA after completing his technical education in Switzerland. His journey has been distinguished, marked by comprehensive roles across multiple business units and geographic locations. After completing his MBA at the University of Cincinnati, he stepped into significant management roles, driving successful initiatives in sales and marketing.
His recent role as the global Chief Sales Officer saw him orchestrating a successful turnaround in Feintool's U.S. operations, resulting in a remarkable uptick in sales. This experience will be vital as he takes on the new challenges and opportunities as CEO. A dual citizen of Switzerland and the U.S., Reich is also a family man, raising two adult children.
Board's Confidence in New Leadership
Norbert Indlekofer, Chairman of the Board, expressed confidence in Lars Reich's ability to lead Feintool into a promising future. His track record has demonstrated not only strategic insight but also economic acumen, ensuring Feintool's ongoing success and growth.
About Feintool
Feintool stands as an internationally recognized leader in electrolamination stamping, fineblanking, and forming technology. The company specializes in creating high-precision steel components, serving diverse sectors including automotive and renewable energy industries. With a focus on innovation, Feintool continuously strives to enhance productivity and efficiency in manufacturing, aligning with the latest technological advancements and market demands.
Founded in 1959 and headquartered in Switzerland, Feintool operates across the globe, employing 3,100 people and hosting 100 vocational trainees in several key markets such as the Americas, Europe, and Asia. The company is publicly traded and is majority-owned by the Artemis Group, showcasing stability and investor confidence in its operational strategy.
For further information about Feintool, you can contact our media spokesperson, Karin Labhart, via phone or email. She can be reached at +41 32 387 51 57 or +41 79 609 22 02, or through email at karin.labhart@feintool.com. You can also explore our corporate profile and latest developments on www.feintool.com.
Frequently Asked Questions
What prompted the change in CEO at Feintool?
The change occurred as Torsten Greiner and the Board of Directors agreed it was time for a leadership transition.
Who is Lars Reich?
Lars Reich is the new CEO, previously serving as Chief Sales Officer, with extensive experience within Feintool.
How long has Lars Reich been with Feintool?
Lars Reich has been with Feintool for 25 years, holding various leadership roles throughout his career.
What are Feintool's primary business focuses?
Feintool specializes in electrolamination stamping, fineblanking, and forming, primarily serving the automotive and energy sectors.
Where is Feintool headquartered?
Feintool is headquartered in Switzerland and operates in multiple countries globally.
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