Or
Machine tool manufacturer, the Fair Friend Group (FFG), has initiated a comprehensive strategic realignment to address the current global challenges in the machine tool industry and strengthen its competitive position. As part of this transformation, FFG has appointed Dr Sebastian Schöning as its new CEO. Schöning, who holds a PhD in mechanical engineering, brings over 20 years of professional and management experience. Since 2021, he has served as the group’s COO and as the CEO of MAG IAS GmbH. In his new role, Schöning will spearhead global strategy development and lead the group’s operations. He will have support from Rong-Rong Liu, who has been appointed CFO and will be responsible for overseeing the group’s financial management.