Change in the Management Team at IAV

President and CFO Michael Schubert has left the company

Michael Schubert, IAV’s President and Chief Financial Officer, has left the company. His remit encompassed controlling the Development Centers and managing the central commercial divisions and the IT. At the same time, he was also the company's Chief Compliance Officer.

Schubert started working at IAV on February 1, 1986 and had been a member of the management team since July 2001. His professional career put him in various leading positions with international responsibility. As a mechanical engineering graduate, Schubert had worked as technical project manager from 1986 to 1997 in charge of various international key accounts. In 1997, he became Head of Project Management and Technical Director of the IAV Development Center in Gifhorn in 1998. He assumed responsibility for commercial matters in 2000 and became a member of the management team in 2001. Under his leadership, IAV has developed into the national and international engineering partner with expertise for the whole vehicle. His outstanding commitment saw the company grow to more than 7,000 employees.

Katja Ziegler, Head of Finance and Controlling, will take over provisional responsibility for the commercial division.