Following completion of Chiho Tiande Group's takeover of German recycling group Scholz, Oliver Scholz is to remain on board as interim chief executive of Scholz Recycling GmbH & Co. KG. The Chinese group has designated Henry Qin as co-CEO alongside Mr Scholz. Mr Qin joined the Chiho Tiande board of directors only this summer, having previously led the Chinese purchasing activities of the cement manufacturer Lafarge for twelve years. Chiho Tiande said the German and Polish operations of the "new operational ultimate holding company of Scholz Group" will be headed up by Gerd Hähne, as previously reported (see article from 31 August).
All in all, Chiho Tiande wants to add four new members to the highest management body at Scholz. In addition to co-CEO Mr Qin, Jochen Fischer has been designated as future chief financial officer by the Chinese conglomerate. The operational business of the Scholz group is to be led by former Cronimet CEO Kai Lohmann, who has already served in an advisory role for Chiho-Tiande during the acquisition of Scholz. Overseeing the current transition and transformation process will be Martin Billhardt, former managing director of PNE Wind AG.
"In the future, Scholz Recycling will be led by an experienced and capable management team," said Tu Jianhua, executive director and chairman of Chiho-Tiande Group Ltd., emphasizing that the newly appointed members of management will work together with Mr Scholz and Mr Hähne. The Chiho-Tiande chairman expressed his confidence that the combination of Scholz's extensive knowledge with fresh management energy would lay the foundation for developing the Scholz group into an integral part of a "future globally leading metal recycling company".