RENK Group AG prioritizes continuity – Supervisory Board extends CEO Dr. Alexander Sagel’s contract early until 2032
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RENK Group AG prioritizes continuity – Supervisory Board extends CEO Dr. Alexander Sagel’s contract early until 2032
Augsburg, May 11, 2026 – The Supervisory Board of RENK Group AG has announced its early extension of CEO Dr. Alexander Sagel’s contract by five years. Dr. Sagel, who has served as CEO of the RENK Group since February 1, 2025, will thus remain at the helm of the company until March 31, 2032.
Under the leadership of Dr. Sagel, the RENK Group has consistently pursued its strategic focus as a defense company and demonstrated its operational strength in a market environment characterized by exceptionally high demand. At the same time, the product portfolio has been systematically adapted to meet the requirements of the battlefield of the future under the NextGen Mobility technology and innovation agenda. Complemented by systematic internationalization and targeted M&A activities, RENK’s medium-term strategy until 2030 and beyond is being driven forward in a sustainable manner.
“Since taking office, Dr. Sagel has led the RENK Group with a clear strategic focus and strong execution skills. He ensured that the company remained capable of meeting demand when orders from our customers in the Bundeswehr, NATO, and international armed forces surged, while at the same time laying the groundwork for further profitable growth. By extending his contract early, we are ensuring continuity during a period of growth that is strategically crucial for RENK and the entire industry. Moreover, this move is a sign of our complete confidence in the work of our CEO,” said Claus von Hermann, Chairman of the Supervisory Board of RENK Group AG.
“I would like to thank the Supervisory Board for the trust they have placed in me. Over the past few months, we have shown that we deliver on our promises – strategically, operationally, and to our customers. My focus remains unchanged: to continue developing RENK as the most reliable partner to the defense industry and armed forces, and to consistently capitalize on the opportunities this market offers. I look forward to shaping the next phase of growth with my strong team,” said Dr. Sagel, CEO of RENK Group AG.
The decision comes at a time of extraordinary growth momentum. In fiscal year 2025, the RENK Group increased its consolidated revenue by 19.8% to €1.37 billion and set a new record for order intake at €1.57 billion. Adjusted EBIT rose by 21.7% to €230 million, with a margin of 16.9%. The company expects revenue for the 2026 fiscal year to rise further to over €1.5 billion.
About the RENK Group AG
Headquartered in Augsburg, Germany, RENK Group AG is a globally leading manufacturer of mission-critical propulsion solutions across diverse military and civil end markets. Our product portfolio includes gear units, transmissions, power-packs, hybrid propulsion systems, suspension systems, slide bearings, couplings & clutches and test systems. With this broad product portfolio RENK Group AG serves, in particular, customers in industries for military vehicles, naval, civil marine, and industrial applications focused on energy. In the fiscal year 2025, RENK Group AG generated revenue of approximately EUR 1.4 billion. RENK Group AG has been listed on the Frankfurt Stock Exchange since February 7, 2024, and has been a member of the MDAX since March 24, 2025.
For further information, please visit www.renk.com
Disclaimer
This Press Release contains forward-looking statements that are based on plans, expectations, estimates and projections of the management of RENK Group as at the date of this Press Release. These plans, expectations, estimates and projections depend on a variety of assumptions and are subject to unforeseeable events, uncertainties, known and unknown risks as well as other factors that may cause actual results or the actual financial situation, development or performance to differ from those expressed or implied in the forward-looking statements. RENK Group does not assume any obligation to update the forward-looking statements or make adjustments to them to reflect events or developments occurring after the date of this Press Release unless obliged by statutory law.
Mit freundlichen Grüßen | Best regards
Fabian Klee Global Head of Communications | Group Spokesperson
Email: fabian.klee@renk.com Mob.: +49 1607154647
Benjamin Seebach
Senior Communications Manager | Spokesperson Vehicle Mobility Solutions
Email: benjamin.seebach@renk.com Mob.: +49 15146686440
Merlin Desselberger
Communications Manager | Spokesperson Marine & Industry
Email: merlin.desselberger@renk.com Mob.: +49 1759710798