Peter Sassenfeld will be taking on this role alongside his position as CFO of Hochtief Aktiengesellschaft. As such, all three members of the Executive Board of Hochtief Solutions are also represented on the Group Executive Board.
This pooling of responsibilities is a consequence of the transformation of the Hochtief Europe division whereby Hochtief Solutions performs overarching tasks and no longer has its own operating activities. Early in 2014 four companies with responsibility for operating business were founded and have now been established.
Mr. Sassenfeld studied business administration at Saarland University. After his studies, he first performed various management functions at Mannesmann in Germany and abroad. Later he managed the worldwide mergers and acquisitions activities at the Bayer Group in Leverkusen. From October 2005, Mr. Sassenfeld worked for the Krauss Maffei Group in Munich and from February 2007 as CFO of Kraus Maffei AG. In May 2010, he took over as CFO of Ferrostaal AG in Essen.
This transformation of Hochtief Solutions was significantly and successfully co-designed by CFO Ms. Essimari Kairisto. Essimari Kairisto has decided to leave the company with effect from June 30, 2015 and to follow other business tasks.