Technology: Gea gets a new CEO – shares slide

The plant manufacturer Gea will soon have a new CEO. The group leader Stefan Klebert, who has been at the helm since February 2019, will resign from his position at his own request and in agreement with the supervisory board after the general meeting on April 28 next year, the DAX-listed company announced on Thursday in Düsseldorf.

The company has found a successor for the 61-year-old in Klaus Stojentin. He is currently head of the division for the construction of production plants for, among other things, the food, beverage and dairy industries (Nutrition Plant Engineering). It is one of the two main areas of Gea.

Klebert's departure was negatively received on the stock market. After the news was published, the price fell by up to five percent to 69.40 euros, after previously rising to a record high of 74.45 euros. During Klebert's term in office, the price more than tripled. The market value is currently more than eleven billion euros. The share has been listed in the DAX since September 2025.