Nürtingen/Tokio, June 2021:Horst Garbrecht is letting his contract as CEO of Metabo and Chief Operating Officer Europe (COO) of KOKI Holdings Europe expire. "After the acquisition of Metabo by today's KOKI Holdings at the beginning of 2016, the gradual integration of Metabo into the parent company has begun and, since 2019, the merger of the Metabo and HiKOKI businesses in Europe," says Garbrecht. "I have actively accompanied this, especially since taking on my dual role as CEO of Metabo and COO of KOKI Holdings in 2019. Now this integration is largely complete. KOKI Holdings has an experienced management team that will continue to drive the further process with a great deal of expertise and motivation. This means that my mission has been accomplished. Of course, this decision was extremely difficult for me after twelve great years. Nevertheless, a further extension of my five-year contract is not an option if I want to tackle another new task. Until the last day, my full concentration is on the company. Only after that, and with some distance, will I decide which direction I want to take in the future."
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