Alex Waser retires from Bystronic
Domenico Iacovelli takes over the role effective July 1, 2024, from long-time CEO who decided to step down.
Under Alex Waser, Bystronic more than doubled its revenues in the last ten years. It grew organically and through strategic acquisitions, including China-based machine producer DNE and Spanish software company Kurago. Under his leadership, the company evolved from a manufacturer of sheet metal machines to a global full-solution provider in the sheet metal industry.
“I am proud of how Bystronic has evolved over the years,” said Waser. “Thanks to my incredible teams, I have enjoyed celebrating many successes with customers and our employees. I look forward to seeing my successor advance Bystronic further, and I wish him all the best.”
Domenico Iacovelli brings extensive management and leadership experience, having spent 13 of his 20 years in the sheet metal industry in CEO roles. In 2018 he was named CEO of Schuler and prior to that, CEO of Andritz Soutec. In April 2022, he was given additional responsibilities and named a member of the executive committee for Andritz, as well as head of business area metals and group head of IT and automation and digitalization.
“Alex executed successfully on Bystronic’s growth strategy, expanded our global footprint and strengthened the company’s market offerings and services. We are grateful for his many contributions,” said Bystronic board chairman Heinz Baumgartner. “We look forward to supporting Domenico in his new role and ensuring a smooth transition. His industry knowledge and market experience will strengthen Bystronic and will be great assets as we continue to execute on our growth strategy.”
Further reading: Domenico Iacovelli leaves Andritz and Schuler – Year-end departure after a successful turnaround in a difficult market environment, wileyindustrynews.com, 21 December 2023
