Senator h. c. Peter Schaufler, CEO and owner of the Bitzer Group, passed away unexpectedly in Salzburg, Austria, at the age of 74.
Schaufler took charge of The Bitzer Group in 1979. The company now has 3,400 employees in more than 90 countries and has a turnover of 657 million euros, making it 50 times the size it was when Schaufler took over. Schaufler successfully introduced compressor technologies to the market, such as screw compressors in 1983 and scroll compressors in 2002.