Austrian machine tool manufacturer EMCO has appointed Alexander Steinacher as its new CFO, bringing three decades of cross-industry financial leadership to the Salzburg-based company.
With effect from 1 October 2024, Alexander Steinacher will succeed Horst Rettenbacher as CFO at the long-established Austrian company. The handover marks a significant leadership transition at one of Europe's leading machine tool manufacturers, which has been refining its craft for more than seven decades.
Horst Rettenbacher has been a member of EMCO's management team since 2012 and, as CFO, played a key role in the machine tool manufacturer's growth to its current size. During his tenure, Rettenbacher helped steer the company through a period of international expansion and consolidation that strengthened its competitive position across European markets. After handing over his responsibilities to his successor, Horst Rettenbacher will take his well-deserved retirement.
His departure leaves big shoes to fill, but the company has found a successor whose background suggests he is more than equal to the task.
Alexander Steinacher is a graduate of Eisenstadt University of Applied Sciences, specialising in International Business Relations, and brings with him 30 years of experience in finance and controlling, including in the automotive and mechanical engineering industries as well as in banking. That breadth of exposure across different sectors gives him a rounded perspective that few financial executives can claim.
During this time, Mr. Steinacher has held various management positions, led the expansion into new markets and gained practical experience abroad as part of his activities at an international financial institution, including as Managing Director and Country Manager in South-East Europe. That international outlook aligns well with EMCO's own cross-border operations, which span five production sites across Austria, Germany and Italy.
His track record in market expansion is particularly relevant. EMCO, like many European manufacturers, faces the dual challenge of maintaining production excellence while adapting to shifting global demand. Having someone at the financial helm who understands what it takes to enter and establish operations in new territories is a clear asset.
The appointment also reflects a broader trend among established European industrial firms: bringing in leaders who combine deep financial expertise with genuine operational and international experience rather than purely academic credentials. Steinacher's career path through both banking and hands-on industrial management positions fits that profile precisely.
Alexander Steinacher joins the three-person management team at EMCO GmbH with CEO Dr. Markus Nolte and CSO Jörg Weinkogl. The trio will be responsible for guiding a company that currently employs approximately 800 people and generates revenue through its customised, automated complete solutions for both turning and milling.
Alexander Steinacher is a graduate of Eisenstadt University of Applied Sciences, specialising in International Business Relations, and has over 30 years of experience in finance and controlling.
The management of EMCO GmbH (from left to right): Dr. Markus Nolte, CEO - Alexander Steinacher, CFO - Jörg Weinkogl, CSO
About EMCO
EMCO, a mechanical engineering company based in Salzburg, ranks among Europe's leading machine tool manufacturers. EMCO currently employs about 800 people at a total of 5 production sites in Austria, Germany and Italy. The international, family-run company owes its success to more than 75 years of expertise and experience in the area of machine tool engineering. Today, EMCO stands for top-of-the-line, customised, automated complete solutions for both turning and milling.
To learn more > www.emco-world.com
EMCO GmbH
Salzburger Straße 80, 5400 Hallein-Taxach - AUSTRIA
Biscaro Margot
Phone : +43-6245-891-0
Fax : +43-6245-86965
[email protected]