KHD Humboldt Wedag CEO Busche Resigns From Post

Stock quotes in this article: KHD  

NEW YORK (AP) — Industrial holding company KHD Humboldt Wedag International Ltd. said Monday that Chief Executive Jim Busche has stepped down to pursue other interests.

Busche will be replaced by Chief Operating Officer Jouni Salo.

Salo, who joined the company in May 2008, has been COO since November. He previously served as president of the company's cement unit.

Salo, 49, will be based out of KHD's Vienna headquarters.

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