Stefan Kratochwill (Image: Strabag)

Kratochwill succeeds Klemens Haselsteiner as chief executive. Haselsteiner passed away unexpectedly at age 44 in January due to complications from an aneurysm haemorrhage.

Prior to the promotion, Kratochwill was the central division head and managing director of the firm’s construction machinery subsidiary Strabag BMTI.

Kratochwill studied engineering management and mechanical engineering at Vienna’s technical university TU Wien.

He joined the Strabag Group as a trainee in 2003.

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“His first assignments took him to South-East Europe, where he built up the organisational structures of the group’s construction equipment subsidiary in Romania, Bulgaria, Serbia and Montenegro,� Strabag said. “He later managed the European track construction machinery business until 2017, when he was appointed central division head and managing director of� Strabag BMTI.�

Kratochwill said he plans to continue pioneering new technology and sustainability practices at Strabag while continuing to honour Haselsteiner’s legacy.

“To achieve our corporate goal of becoming climate neutral by 2040, we will need innovations and new technologies,� he said. “Strabag is a pioneer when it comes to triggering precisely these technological leaps together with our partners. I am convinced that technological progress will give us an even stronger market position in line with our financial targets.�

He continued, “The tragic loss of Klemens Haselsteiner has affected us all deeply. It is a personal priority for me and a privilege to continue his vision for Strabag.

“My promise, not only to our external stakeholders but especially to our employees, is that together we will continue on the path into a sustainable future.�

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