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German robotics group Kuka appoints new CEO, CFO

Tue Sep 29, 2009 5:31pm EDT

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FRANKFURT, Sept 29 (Reuters) - German robotics group Kuka (KU2G.DE) appointed Till Reuter as interim chief executive on Tuesday after its former CEO and chief financial officer stepped down earlier this month in a power struggle with rebel investors.

Reuter will resign from his current position as chairman of the supervisory board to take up his new role as interim CEO on Oct. 1, Kuka said late on Tuesday, adding that Bernd Minning will become the new chairman of Kuka's supervisory board.

The board also appointed Stephan Schulak as the new CFO as of Oct. 1.

The company's former CEO, Horst Kayser, and former CFO, Matthias Rapp, will depart on Sept. 30 in a broad board room reshuffle, handing a victory to rebel investors Grenzebach and Guy Wyser-Pratt. [ID:nL3680121]

Grenzebach holds 29.2 percent in Kuka while Wyser-Pratte holds nearly 10 percent. (Reporting by Eva Kuehnen; Editing by Tim Dobbyn)



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