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TRUMPF Inc. Announces Executive Promotion and New CFO



Bettina Steingruber

Burke Doar

TRUMPF Inc. has appointed Bettina Steingruber to serve as Chief Financial Officer, a position previously held by Lutz Labisch, who became TRUMPF Inc. President and CEO on March 1, 2022. TRUMPF also promoted Burke Doar to Executive Vice President.

Steingruber will be responsible for overseeing the finance and controlling, IT infrastructure and business systems, customer contracts and collections, customer financing, logistics and customs and shared services departments for TRUMPF subsidiaries in the United States, Mexico and Canada.

Steingruber brings more than 23 years of experience in finance and controlling in the manufacturing industry to her new role. She has worked for TRUMPF for 16 years, most recently as CFO, Bending at TRUMPF Maschinen Austria GmbH & Co. KG in Pasching, Austria. TRUMPF Maschinen Austria develops and produces standalone and automated bending machines and laser-hardened bending tools. Steingruber holds a Master of Social and Economic Sciences degree from Johannes Kepler University Linz in Austria.

Doar has more than 20 years of tenure at the company. He joined TRUMPF in 2002 as vice president of customer services, was promoted to vice president, sales and marketing in 2003 and named as senior vice president in 2014. Doar earned a bachelor's degree from Princeton University and a law degree from Albany Law School.

"We are excited to strengthen our leadership team with knowledgeable and tenured professionals like Steingruber and Doar," said Labisch. "Not only are they proven experts in finance, contracts, logistics, sales, marketing and customer service, but they are also well-versed in the needs of the machine tool industry. Their deep understanding of TRUMPF and our customers supports our company commitment to strategic innovation and customer-centric growth in North America."

For more information contact:

TRUMPF Inc.

Farmington Industrial Park

Farmington, CT 06032

860-255-6000

info@us.trumpf.com

www.us.trumpf.com

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