Dr. Vater (born in 1942) holds a Master’s Degree in Economics from the university of Freiburg/Br. After working as an Assistant Auditor at PwC Accounting Firm from 1969 to 1971, he held various management positions from 1972 to 1987 with Mannesmann Demag AG and at the BATIG Group, most recently as the commercial director of Pegulan AG. In 1988, Dr. Vater was named a member of the management board of MAN Gutehoffnungshütte AG, where he later became the chairman of the management board. From 1996 to 2006, Dr. Vater held the position as CFO on the management board (Vorstand) of HOCHTIEF AG. He holds several supervisory board positions, including at DEMATIC Holding S.à r.l. as well as Athens International Airport S.A..