Dr. Friedrich Klein was appointed as the new Chief Operating Officer (COO) of NORMA Group. Klein, who will assume his new role on October 1, will manage business operations with CEO Bernd Kleinhens and CFO Dr. Michael Schneider.  

Klein has years of experience in the automotive sector. He joined NORMA Group from Schaeffler Technologies AG & Co KG, a global automotive and industrial supplier.

After studying mechanical engineering, Klein began his professional career in 1989 in the Machine Tool Laboratory (WLZ) of the Rheinisch-Westfälisch Technische Hochschule (RWTH) in Aachen. Six years later, he received his doctorate in engineering from RWTH.

“Dr. Klein has in-depth industry knowledge in NORMA Group’s fields of operation along with extensive industry experience,” says Lars Magnus Berg, board chairman for NORMA Group. 

NORMA Group reported sales increased 5.8% to EUR 549 million in the first six months of fiscal year 2018, including 11% organic sales growth. Negative currency effects, however, reduced sales growth by 6%.

First-half adjusted EBITA decreased 4.3% to EUR 87.7 million, with adjusted EBITA margin down to 16%.

Germany-based NORMA Group manufactures joining products in three categories (clamp, connect and fluid) and offers more than 35,000 products to 10,000 customers in 100 countries. Web: normagroup.com