Paul Caprio exits Krauss-Maffei; Michael Ruf becomes interim president

Paul Caprio, president and a 25-year veteran of Krauss-Maffei Corp., stepped down on June 7 to pursue other endeavors. Michael Ruf, COO of KraussMaffei Group, will serve as interim president until a new leader is appointed. Chris Chapman, CFO of the Florence, Ky.-based machinery company, will support day-to-day operations and report directly to Ruf.