Stihl Inc. announced Feb. 28 that Karl Angler, vice president of finance, human resources and information services, will be leaving Virginia Beach, Va., to assume his new responsibilities for worldwide finance, comptrolling, and information systems and services on the Stihl Group Executive Board in Waiblingen, Germany, effective May 1.
During his tenure, Stihl Inc. enjoyed nine out of 10 years of record growth, achieved recognition as the number one selling brand of handheld outdoor power equipment in America* and also produced its milestone 40 millionth unit in Virginia Beach. These achievements were due in no small part to Angler’s ability to focus on cost efficiencies without compromising the quality and value of Stihl products in the outdoor power equipment marketplace.
In 2011, Angler was named Virginia Chief Financial Officer (CFO) of the Year by Virginia Business magazine, in part, for helping guide Stihl Inc. through the recession of 2009 without laying off regular employees, by keeping employee benefits intact, and by maintaining employee morale. This helped position Stihl Inc. to take full advantage of market corrections, and it achieved record sales in both 2010 and 2011.
“Since his arrival here in 2002, Karl has made significant and frequent contributions to the growth and management of our company,” said Stihl Inc. President Fred Whyte. “Karl guided the self-funding of numerous Stihl expansion projects in Virginia Beach, established quarterly companywide “all-team” meetings to enhance communications with employees, and spearheaded the opening of a health and wellness center for employees. He has an excellent understanding and feel for our industry, and the Stihl Group worldwide will benefit from his expertise.”
Angler was also active in the Hampton Roads community, serving on the Board of Trustees of the Hampton Roads Chamber of Commerce and as vice chairman on the Hampton Roads workforce development committee. He belongs to a national CFO roundtable organization of U.S. subsidiaries of German parent companies and is a member of the Executive Advisory Council of the College of Business and Public Administration at Old Dominion University in Norfolk, Va.
Angler received his bachelor’s degree in business administration in accounting in Würzburg, Germany. In 1986, he moved to Canada, where he held various executive positions over a 15-year period at FAG Bearings LTD and FAG Automotive before moving to Virginia Beach to work for Stihl Inc. in 2002.
* “Number one selling brand” is based on syndicated Irwin Broh Research (commercial landscapers), as well as independent consumer research of 2009-2011 U.S. sales and market share data for the gasoline-powered handheld outdoor power equipment category combined sales to consumers and commercial landscapers.