SCHMOLZ + BICKENBACH announced on 15 April 2020, that the Board of Directors of the company has appointed Dr. Markus Boening as Chief Financial Officer (CFO) and member of the Group Executive Board effective October 1, 2020 at the latest. The acting CFO Matthias Wellhausen had decided to leave the company in the course of 2020, after the successful refinancing. Dr. Markus Boening has more than 15 years of international experience as CFO in several manufacturing companies, including automotive supplies, steel and the pharmaceuticals.

Most recently, he held this position at Tekfor Holding GmbH in Hausach/Eschborn (Germany) since 2018. Prior to that, his career as CFO led him to Aenova Holding GmbH in Starnberg (Germany, 2015 to 2017), AM/NS, LLC, Calvert (Alabama, USA, 2007 to 2014), and ThyssenKrupp Budd Company in Troy (Michigan, USA, 2003 to 2007).