Executive Board

BAUER Aktiengesellschaft, founded in 1994, is the holding company of the Group. BAUER AG is responsible for the strategic direction and management of the Group and controls and monitors the operating segments as part of the investment controlling process. As a service provider, it also performs central administrative and service functions for the affiliated companies. The Executive Board pursues long-term goals and bases its decisions on the values of the BAUER Group.
 

Dr.-Ing.

Martin Thormann

Dr.-Ing. Martin Thormann, born in 1987, was appointed to the Executive Board of BAUER AG on September 15, 2025. He is responsible for the Equipment segment. Dr. Thormann studied industrial engineering / logistics at TU Dortmund University and at the Georgia Institute of Technology (Atlanta, USA), graduating in 2012. He began his career in 2012 at thyssenkrupp AG and simultaneously earned his Ph. D. in mechanical engineering at TU Dortmund University in collaboration with the Fraunhofer Institute. After completing his Ph. D., he moved to the strategy department of thyssenkrupp Elevator (now TK Elevator) in 2015 and took over as head of the strategy team for the Europe Africa business unit in 2018. In 2020, he was appointed CEO Nordics, based in Stockholm. Since the end of 2022, he has been CEO Greater Europe, based in Vienna, responsible for TK Elevator's operational business in over twelve countries and the distributor business in the CIS states.

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