Global manufacturer of metal and ceramic powders, H.C. Starck, has appointed Dr Dennis Schulze to serve as a member of the executive board and chief financial officer of the firm.

Dr Engelbert Heimes will stay on as chairman of the executive board of the group on an ongoing basis. Schulze will replace Dr Matthias Schmitz, who is leaving the business to take on a new professional role.

Schulze served as CFO of Douglas Group for the last three years. Between 1999 and 2012, he worked at The Carlyle Group, most recently as a managing director in Germany.

Dr Heimes said: We look forward to working with Dennis Schulze. His broad experience in Private Equity and financing will be a great asset to the further development of the H.C. Starck Group, which he is already familiar with from his time at Carlyle.

Schmitz joined H.C. Starck Group in July 2014 as member of the executive board and financial director. During this time, he made substantial contributions to the company’s further development, including the group’s successful refinancing, the company says.

Dr Heimes added: We sincerely thank Matthias Schmitz for all his hard work and dedication to the H.C. Starck Group.

Meanwhile, Dr Jan Lösch has now been appointed to the executive management of HC Starck GmbH, where he will serve as managing director. He will have responsibility for accounting and controlling.

Dr Jens Knöll will assume the position of the chairman of the executive management of the company in addition to his duties as chief operating officer of HC Starck Group. Dr Michael Reiß remains member of the executive management.

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