With its expanded Management Board team, voestalpine is gearing up for the future challenges it will be facing as technology and quality leader on the global market with a focus on niche segments and customers. Peter Schwab (50) will be the sixth member of the Management Board and as of October 1, he will take over as Head of the Metal Forming Division, which has just under 11,500 employees worldwide and which produces components for automobile manufacturers, primarily those in the premium segment. After having completed his studies of technical physics at the Johannes Kepler University in Linz in 1993, the Gmunden native began his career in the voestalpine Group. He worked in several internal positions and became Head of “Quality Assurance Steel Plant and Hot-rolled Strip” in 1996. Since 2002, he has been Head of Research & Development for the entire Group, supervising several hundred research projects worldwide, 760 R&D employees, and a research budget of close to EUR 150 million. During his tenure, “phs-ultraform,” a premium steel, was developed, which is both ultra high-strength and corrosion-resistant. This product has set new standards in lightweight automobile construction worldwide.