F. Peter Mitterbauer is the new Chairman of the Management Board of Miba AG

Generation change on July 1, 2013

  • Generation change on July 1, 2013
  • Focus on internationalization and technology leadership
  • New Management Board team in office

On July 1, 2013, F. Peter Mitterbauer, MBA (37) takes up his post as Chairman of the Management Board of Miba AG, in accordance with the Supervisory Board resolution dated January 24, 2013. He is following his father Peter Mitterbauer (70) as head of the Upper Austrian technology group.

As Chairman of the Management Board, F. Peter Mitterbauer is now responsible for the New Technologies Group, Strategy, Human Capital, Controlling, Innovation & Technology and Communications – the main areas of focus under his leadership.

Following his studies at TU Vienna and at the Business School Insead in Fontainebleau and Singapore, F. Peter Mitterbauer spent five years gaining international experience at other companies before joining Miba in 2006. In 2011, following a one-year stint at the Miba site in China (Suzhou) and three years as Managing Director Sales & Marketing in the Miba Friction Group, he joined the Management Board as CEO of the Miba Friction Group where he was responsible for business relating to friction materials.

Internationalization and innovation lead to record sales

“My goal is to further strengthen the position of the Miba Group as a technology group,” states F. Peter Mitterbauer. The new CEO of the Miba Group feels that even though the company has consistently widened its range of products in the past years, it is still too often viewed as a classic automotive industry supplier. “At 40 percent, the passenger vehicle sector is still the main contributor to total sales and remains the company’s mainstay, however, other business areas such as construction equipment, energy (power plants, power transmission) and the production of special machinery are becoming more and more important.”

Accordingly, internationalization, innovation and technology are at the top of his priority list. F. Peter Mitterbauer emphasizes: “We develop – also in close cooperation with our customers – products and solutions for tomorrow and beyond. To push forward our goal of profitable growth, we need to be close to our customers and act internationally. That is why I want to win, develop and keep the best employees for Miba.” Mitterbauer is convinced that this strategy will make it possible to achieve the Group’s 2015 goal of EUR 750 million in sales.

Evolution instead of revolution

The generation change means that Peter Mitterbauer, after more than 30 years of leading the company, will withdraw from operative business. Both father and son view this changeover as a smooth, well-prepared evolution and not a rushed decision: “Of course, I have a different style than my father, but we both have the same basic understanding of company leadership. We definitely want to maintain the longstanding Miba virtues – customer focus, commitment to innovation and a bold decision-making culture,” says F. Peter Mitterbauer.

The new Management Board

As of July 1, 2013, the Miba AG Management Board will have a total of four members. In addition to F. Peter Mitterbauer, Wolfgang Litzlbauer is now Vice Chairman of the Management Board, responsible for the Miba Bearing Group, the Miba Friction Group, the Miba Coating Group and Purchasing, while Harald Neubert heads up the Miba Sinter Group and is also responsible for central quality assurance. The latest member is Markus Hofer, who as Chief Financial Officer is responsible for Corporate Finance, IT and Business Excellence.