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Peters to follow Tesche at KM.

Munich, Germany -- KraussMaffei AG's Reaction Process Machinery Division has a new leader.

Frank Peters took over as general manager, on I April 2008. Peters succeeds Walter Tesche who will be retiring mid-year, said KraussMaffei, in an 18 March statement.

"KraussMaffei owes a huge debt of gratitude to Walter Tesche for trailblazing achievements during his 35 years with the company," said Dr Dietmar Straub, ceo of KraussMaffei, in the statement.

Since 2000, Tesche has led the RPM division to "an outstanding position in the market. The fact that our polyurethane technology is today a valued ...

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