New president and CEO named at TRUMPF Inc.
- February 2, 2022
TRUMPF has announced that Lutz Labisch will become president and CEO of TRUMPF Inc. effective March 1, 2022. Part of Labisch’s responsibilities will include overseeing TRUMPF operations in Canada.
Labisch will be responsible for production, sales and service of TRUMPF's machine tool and laser technology product portfolio in North America and for the strategy and business operations at TRUMPF subsidiaries in the United States (including Connecticut, California, Illinois and Michigan). In addition to overseeing the Canadian operations, Labisch will also oversee TRUMPF operations in Mexico and Brazil.
“Lutz Labisch is strategically, an exceptionally adept manager who has proven his great expertise in previous management functions in the finance department of the holding company in Germany and at TRUMPF’s North American subsidiary,” said TRUMPF Group CEO Nicola Leibinger-Kammueller. “He also possesses the key cultural skills and knows the market in North America as well as in Europe and Germany. I wish him every success for the great tasks that lie ahead!"
As the new president and CEO of TRUMPF Inc., Labisch brings nearly twenty years of experience in the machine tool industry, including six years with TRUMPF. His expertise garnered in prior positions contributed to the commercial foundations he developed for TRUMPF’s Smart Factory strategy, and his efforts paved the way to rebuild Connecticut production facilities damaged by a tragic plane crash in September 2021.
“I am excited to further grow TRUMPF’s customer relationships in North America,” says Labisch. “Our mission is to enable customers to create exceptional products by offering outstanding laser and production solutions.”
Labisch will take over responsibility from Peter Hoecklin, who is leaving the TRUMPF Group after more than eighteen years with the company. "Peter Hoecklin has rendered great services to the development of TRUMPF North America,” said Leibinger-Kammueller, TRUMPF Group CEO.
Hoecklin made significant contributions to the TRUMPF Group in various positions held in Germany, China and America. In the United States, he played a key role in setting up the new TRUMPF Smart Factory in Hoffman Estates, Illinois, and laid the foundation for future business growth among companies seeking large-scale, automated and interconnected sheet metal fabrication equipment.
TRUMPF is currently the largest manufacturer of fabricating equipment and industrial lasers in North America and generated revenues of approximately $700 million in its fiscal year ending in June 2021.
Founded as TRUMPF America Inc. in 1969, TRUMPF’s North American headquarters are located in Farmington, Connecticut.