Richard Hausler, Koenig
Richard Häusler, c.e.o. of the Koenig Group, plans to retire on March 1.

GRAZ, AUSTRIA — Richard Häusler, chief executive officer of the Koenig Group, Graz, Austria, announced his plans to retire on March 1. Wolfgang Staufer and Hannes Stelzer will succeed him in leading the company.

"I think I've found the right time for my retirement without the fear of falling into a retirement depression," he said.

Mr. Häusler worked for 31 years for the equipment manufacturer, 16 years as c.e.o.