Dr. Max Padberg joins Wittur as CFO

Wiedenzhausen, May 1th, 2021


The Wittur Group announces the appointment of Dr. Max Padberg as its new Chief Financial Officer, effective May 1th, 2021.

In his new role at Wittur, Dr. Padberg will be responsible for Group Finance, Corporate Controlling, Accounting, Legal, Compliance, Tax and IT. 

Dr. Padberg is an experienced financial expert who has extensive knowledge in working with private equity, the capital markets and, during his career, has assumed wide-ranging responsibilities which include M&A, IT, tax, legal, insurance, treasury and purchasing.

Prior to joining Wittur, he was CFO at Armacell, a leading manufacturer and supplier of industrial foams and flexible insulation materials, with 25 production plants in 17 countries. He also served as CFO for RÜTGERS Group and for Versatel AG, had the worldwide finance responsibility for LSG Sky Chefs and several management positions with Mannesmann in Germany and in the USA.

He received his PhD in Finance from the Westfälische Wilhelms Universität Münster, Germany.

About Wittur 
Founded in 1968, Wittur is one of the world’s leading independent elevator components manufacturers, with an extensive global manufacturing footprint and sales network and a broad range of products. Its product offering features components for new elevator manufacturing and sourcing and for modernization and upgrades. Components made by Wittur span from sophisticated mechatronic components for elevator doors to other essential elevator components such as gearless drives, slings, safety gears and cars.
The Wittur Group has a workforce of around 4,700 employees and conducts business in more than 50 countries. It is majority owned by funds managed by Bain Capital Private Equity.

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