WEPA Group Appoints Andreas Krengel as New Member of its Management Board

The supervisory board of the WEPA Group has appointed Andreas Krengel as a new member of the management board of the WEPA Group, effective from January 1, 2021. The 32-year old economics graduate who has held various executive positions at WEPA since 2018 will assume responsibility on the management board for the strategy and transformation process, for corporate communications and for the new business unit "New Business Areas". The latter includes the areas of WEPA Ventures, Innovation and Business Development related to the development of new business sectors.

Friedrich Merz, chairman of the supervisory board of the WEPA Group, says "With Andreas Krengel joining the management board, the third generation of the Krengel entrepreneurial family assumes overall management responsibility for the corporate group – a further milestone in the history of the company."

Martin Krengel, CEO of the WEPA Group: "We welcome Andreas to the team of the management board and look forward to shaping the future path of our family business WEPA together with him. We wish him much success in his new endeavours."

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