DEUTZ AG is to merge its finance and investor relations units with effect from 1 September 2009. The head of the new unit will be Maria Babilas.
An economics graduate, she has managed the company's finance unit for almost six years and has had extensive experience in finance in a variety of roles, including as head of fi-nance at INA-Schaeffler KG in Herzogenaurach, Germany. Ms Babilas will report directly to Dr Margarete Haase, the Deutz board member with responsibility for finance and HR.
The integration of the investor relations function into the finance unit is part of the company's restructuring process intended to streamline processes and significantly simplify reporting channels. The merger of the units will ensure comprehensive financial communications within the company and externally.
Maria Babilas takes over as head of investor relations from Sandra Siegele who starts her parental leave from September 2009.
