Otto Krahn Group, based in Hamburg, Germany, has announced that Wipag Deutschland CEO Jens Kaatze has been named CEO of Mocom Compounds, effective 1 May 2023. Both companies are part of the international, family-owned Group, which employs 1,800 people at 39 locations worldwide.
Kaatze succeeds Ian Mills, who handed over operational responsibility for the company to Kaatze as part of a planned leadership transition at the end of April. Mills will remain associated with the group of companies until the end of the year.
Jens Kaatze joined the Otto Krahn Group in October 2021, and stepped into the role of CEO of Wipag in December 2021. Prior to that, he held positions at the Bayer Group and later at Covestro in Europe, the USA and Asia.
“I’m looking forward to managing and advancing with MOCOM, one of the world’s leading compounders of thermoplastics, alongside recycling specialist WIPAG,” says Kaatze. “The portfolios of the two companies complement each other perfectly, especially when it comes to the increasingly important issue of offering sustainable solutions.”
At the same time, Mocom CFO Dirk Sadowski has taken on the role of CFO of Wipag.
“By appointing internal management teams to serve parallel roles at Mocom and Wipag, we are looking to combine the core competencies of both companies and leverage growth in the plastics market,” said Philip O. Krahn, CEO of the Otto Krahn Group. “In particular, we will benefit from the increasing importance of special thermoplastics and sustainable recyclates, as well as the trend towards locally produced materials.”