Last updateMon, 01 Feb 2021 12pm

Clemens Zotlöterer becomes entrepreneur after 5 years on the board of directors of Papiertechnische Stiftung (PTS)

After the meeting on 24 November 2020 of the Board of Trustees of the Papiertechnische Stiftung (PTS), its chairman Dr. Stefan Karrer announced that after almost 5 years, sole director Clemens Zotlöterer will leave the foundation in April of the coming year 2021 at his own request.

"With the foundation created in recent years, the Papiertechnische Stiftung is well equipped for the future," said Dr. Karrer, praising the successful and trusting cooperation. Clemens Zotlöterer will move to the real estate sector as part of a company succession.
In 2016 Clemens Zotlöterer joined the Papiertechnische Stiftung which was in financial difficulties. Subsequently the Munich location was closed and research activities were concentrated in Heidenau / Dresden. Over the last few years, the research focus was sharpened and the administration was modernised and adapted to the circumstances. With a million-euro grant from the State of Saxony approved in the current year, the location will be further modernised and the building will be brought up to the latest standards. Despite Corona and an overall difficult development for the paper industry, the Papiertechnische Stiftung will be able to look back on a successful year in 2020.


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