November 27, 2018

Dematic names new CFO

Dematic names new CFO

Automotive industry executive Diab replaces Herzog at Kion unit.

By DC Velocity Staff

Logistics systems integrator Dematic has appointed a new chief financial officer (CFO) and charged him with helping to move the company forward on a consistent path of profitable growth, the firm said today.

Dematic, a unit of material handling and lift truck giant Kion Group AG, appointed Gabrial Diab as executive vice president and CFO, replacing six-year Kion executive Frank Herzog. Herzog now plans to relocate to Europe and pursue new career opportunities, Dematic said.

Diab joins Dematic from the French automotive supplier Valeo, where he was managing director of the North American Thermal Front End Business. Previously, Diab spent almost five years as CFO, North America at Valeo, as well as various leadership and finance roles at Ford Motor Company, Fluor, Textron, and Lafarge.

The move is Kion's latest tweak to the firm since it acquired Dematic in 2016 for $2.1 billion, then rebranded its Dematic, Egemin Automation, and NDC Automation units under the single Dematic name in 2017.

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