Joachim Schönbeck

Joachim Schönbeck is the CEO of Andritz AG, an Austrian international technology group that is a global market leader in several heavy industrial equipment niches: hydropower turbines and generators, pulp and paper production equipment, metalworking and steel processing lines, and solid/liquid separation technology used in mining, environmental, and food processing applications. Andritz serves customers across more than 40 countries from over 280 locations worldwide. Andritz's competitive position is built on deep engineering expertise in complex, capital-intensive industrial processes where reliability and efficiency are paramount. The hydropower division benefits from the global push for renewable energy, as hydro remains the world's largest source of renewable electricity. The pulp and paper division serves the growing demand for sustainable packaging. The metals division supplies equipment to steel and aluminum producers modernizing their operations. Schönbeck's key decisions involve order book management across these cyclical businesses, R&D investment in next-generation hydropower and green hydrogen technologies, geographic expansion in high-growth markets, and navigating the cyclical capex patterns of the pulp, metals, and power generation industries. Andritz's Vienna-listed stock reflects global industrial capital spending trends.