Frank Heislitz will be the new Chief Executive Officer (CEO) of Freudenberg Performance Materials with effect from April 1, 2018.
Heislitz, currently CTO of Freudenberg Performance Materials, succeeds Bruce Olson, who will retire at the end of March 2018 after 11 years at Freudenberg. Bruce Olson will continue to serve as Chairman of the Shareholders' Committee of Japan Vilene Company Ltd., a joint venture between Freudenberg and Toray Industries, until the end of 2019.
Heislitz joined the Freudenberg Group in 2001 as assistant to the Management Board. In 2002, he was appointed head of the Competence Center Freudenberg Stamping and Forming Technology at Freudenberg Sealing Technologies, after that, he took over management of the Lead Center Simmerring Europe in 2005.
On January 1, John McNabb took over the role of Chief Operations Officer (COO) at Freudenberg Performance Materials from Richard Shaw, who retired at the end of 2017 after 32 years at Freudenberg. As of April 1, 2018, McNabb will take over the position of CTO of Freudenberg from Heislitz. He will be based in Weinheim.
With effect from April 1, 2018, the Management Board of Freudenberg Performance Materials will consist of three members: Frank Heislitz (CEO), John McNabb (CTO) and René Wollert (CFO).
