PARSDORF, Germany, Dec 12, 2025 – Alex Li will become chief executive officer (CEO) of KraussMaffei Group (KMG) on Jan. 1, 2026. He has been part of the management team as interim CFO since July 2025 and has international experience in financial management and corporate governance.
Alex Li said: “I am very much looking forward to the new role. Over the past year, I have had ample opportunity to get to know the business and the team. KraussMaffei is an innovative company, and I look forward to working with all employees to continue shaping the future of KraussMaffei and expanding our position as an innovation leader.”
Alex Li will replace Chi Zhang, who will resume his position as chairman of the KraussMaffei group supervisory board. Zhang spent two years as CEO, strengthening KraussMaffei’s global position and reinforcing its relationship with Sinochem. He also expanded the company’s activities and partnerships in Asia.
Chi Zhang added: “I will always have fond memories of my time at KraussMaffei. Together, we have achieved many successes. I am honored to continue supporting KraussMaffei in my new, old role as Chairman of the Supervisory Board.”
Michael Hofmann will become CFO of KMG effective March 1, 2026. He comes to KraussMaffei from the Putzmeister Group, where he served as group CFO and member of the executive board. He previously held management positions in Europe and China, including CFO and general management roles in the Diehl Group. Hofmann will strengthen the management team and support the growth of the KraussMaffei Group.
“I am very much looking forward to my new role and to contribute on the transformation process. I have already met several key members of the global management team and received a very warm welcome from KraussMaffei and the shareholder. KraussMaffei is a major player in the industry and enjoys an excellent reputation – I am delighted to soon be part of it,” says Michael Hofmann.
Yong Li, former chief administrative officer (CAO), will leave the company at year’s end and return to China for a new role within Sinochem Group.
Source: KraussMaffei Group
About KraussMaffei Group
KraussMaffei, headquartered in Parsdorf near Munich, Germany, is one of the world’s leading manufacturers of machinery and systems for producing and processing plastics and rubber. Founded in 1838, the company has more than 185 years of engineering and manufacturing expertise. Its portfolio includes injection molding machines, extrusion technology, reaction process machinery, additive manufacturing systems, and automation and digital solutions. KraussMaffei serves multiple sectors, including automotive, packaging, medical technology, construction, and electrical and electronic manufacturing. KraussMaffei has about 4,200 employees, more than 30 subsidiaries and over 10 production plants worldwide. The company maintains a global presence supported by nearly 570 commercial and service partners. It has been part of Sinochem Holdings Corp. Ltd., a chemical company, since its acquisition.