German concrete pump manufacturer Putzmeister has terminated CEO Gerald Karch.

Karch, whose termination was based on "mutual consent," joined Putzmeister in 2008 as managing director before becoming the CEO in 2013, the year after Sany acquired the company, Vertikal reported.

Martin Knötgen, CEO of Sany, will temporarily manage Putzmeister in addition to his regular role.

"Putzmeister and Sany Heavy Industry would like to take this opportunity to thank Dr. Karch for his outstanding work and contribution over the past few years," said the company in a statement. "He played a key role in promoting the restructure and strategic alignment of the company in all main areas and gained a high level of recognition from the owners, in the company and among partners and customers worldwide. The Supervisory Board regrets this decision and wishes Dr. Karch all the best in his future career and private life."

Today's top stories

Des Moines Airport Works With Weitz/Turner On Expansion

ROMCO Equipment Co., SMT Acquire Bee Equipment Sales

San Francisco County Transportation Authority Bridges Retrofit Addresses Seismic Safety

Year in Review: Bobcat's Major Moments of 2024

MassDOT to Use Drones for Infrastructure Projects; Amherst Exploring New Downtown Designs

Iowa DOT's I-35 Project Includes New Bridges

JM Wood Holds December Auction in Montgomery, Alabama

DEVELON Set to Exhibit at ARA Show 2025