Early contract extension for KUKA Executive Board members Peter Mohnen and Alexander Tan

Andy Gu, Chairman of KUKA’s Supervisory Board, says: "Peter Mohnen and Alexander Tan have stabilized KUKA in difficult circumstances and set the course for global growth even under challenging economic conditions. We look forward to continuing to plan with these two top leaders at KUKA."

KUKA posted record order intake and sales last year. The company was able to increase its operating result despite supply bottlenecks, large additional expenditures in the procurement of preliminary products and high inflation rates. Order numbers grew particularly strongly in North America and China. In addition, KUKA is convincing in more and more sectors, from electronics to logistics and consumer goods, so that in addition to the automotive sector, more than 50% of sales are now generated in general industry. The number of employees also increased at all major locations.

This year, KUKA celebrates its 125th anniversary. In 1898, Johann Keller and Jakob Knappich founded the traditional Augsburg-based company with a production facility for acetylene headlights, at that time still under the name "Keller und Knappich Augsburg", which was later shortened to the acronym KUKA.