Vetter names Oliver Albrecht as managing director

Contract development and manufacturing organisation Vetter has appointed Oliver Albrecht as managing director, effective from April 1.

Albrecht was unanimously appointed by the company's advisory board and replaces Max Horn, who left the business in June of last year.

In his new role, Albrecht will be responsible for two of eight company divisions; the first comprising of finance, controlling and IT and the second including corporate development, legal and corporate compliance.

Udo J Vetter, Vetter chairman of the advisory board, commented: “Oliver's vast experience in a variety of industries, combined with his deep knowledge of achieving operational and financial excellence will be a tremendous asset to Vetter.”

Albrecht has over 20 years of experience managing international listed companies both as managing director and chief financial officer in a range of industries including banking, automotive and mechanical engineering.

He recently held the position of chief financial officer for Germany-based automobile supplier SHW AG and has additionally acted as an independent consultant.