2022 BORBET MB M.Borbet Hr.Wellenzohn Farblook HO News

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Michael Wellenzohn new BORBET CEO

Hallenberg-Hesborn (8th November 2022) - Michael Wellenzohn will become CEO of BORBET, one of the leading manufacturers of light alloy wheels, on 1st January 2023. Michael Wellenzohn is the first non-family CEO in the company's history. He succeeds Margot Borbet. She had held this position since 2019 and will in future be at the head of the supervisory board, the board of trustees of the BORBET Foundation.

Most recently, the new BORBET CEO was a member of the board of Deutz AG for nine years, before which he was managing director at ThyssenKrupp Presta Steering for 18 years. He has many years of international experience in the automotive and mechanical engineering sectors. In addition, he has been a member of the board of trustees of the BORBET Foundation for one and a half years.

Michael Wellenzohn: "I am very much looking forward to my new task and to the confidence the owner family has placed in me. Together we will optimally align the company for the future in these challenging times. BORBET is facing tough competition worldwide. Together with our employees, we will master the tasks ahead of us. Our agility, flexibility and the outstanding quality of our products are important pillars of success."

Margot Borbet, chairwoman of the board of trustees of the BORBET Foundation: "Michael Wellenzohn already knows the company and brings years of experience in top management in the industry. BORBET is well positioned, the course has been set. Michael Wellenzohn will continue and accelerate the transformation we have started. I am looking forward to our cooperation."

With seven production sites and 4,250 employees, BORBET is one of the leading manufacturers of light alloy wheels worldwide. The main plant has been located in Hallenberg-Hesborn/Hochsauerland region since 1962. The supervisory board of BORBET GmbH is the BORBET foundation, whose chairwoman is Margot Borbet.

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