EQS-News: Semperit AG Holding: Agreement on further development of industrial strategy, Change on the Executive Board
EQS-News: Semperit AG Holding / Key word(s): Strategic Company
Decision/Personnel
Semperit AG Holding: Agreement on further development of industrial
strategy, Change on the Executive Board
20.06.2023 / 17:36 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Press Information
Semperit: Agreement on further development of industrial strategy, Change on
the Executive Board
• A strategy that focuses on industrial customers
• Organisation will be adjusted, with divisions in the future
• Semperflex Managing Director Gerfried Eder moves up to the Executive
Board
• COO Kristian Brok leaves the company
Vienna, 20 June 2023 – At its meeting today, the Supervisory Board of
Semperit AG Holding approved the further development of the corporate
strategy prepared by the Executive Board. The cornerstones of this further
developed strategy are: the implementation of the sale of Sempermed[1][1],
the acquisition of the RICO Group[2][2], the strengthening of the hose
production with the expansion of the Czech production site, and continuing
the focus on industrial applications and technical solutions based on
elastomers in connection with even more customer proximity.
A further developed strategy that entails organisational adjustments
As part of the further developed strategy, the Semperit Group will implement
organisational adjustments and divide the currently existing segment
structure into two divisions (business fields). The Industrial Applications
Division will focus on industrial applications with highly efficient
manufacturing and cost leadership; this includes hydraulic and industrial
hoses as well as profiles. The Engineered Applications Division will
comprise of handrails for escalators, conveyor belts, cable car rings, other
engineered elastomer products, as well as the RICO Group and will focus on
customised technical solutions. Each of the two divisions will target
different customer groups and their specific technical requirements.
By focusing on two business areas and a resulting leaner organisation, the
Executive Board expects cost savings that go significantly beyond the
overhead cost reduction measures already being implemented.
Gerfried Eder new Executive Board member for Industrial Applications
The new organisation structure entails a change in the Executive Board and a
redistribution of responsibilities. At today’s Supervisory Board meeting,
Gerfried Eder was appointed as a member of the Executive Board (Chief
Industrial Officer) starting 1 July 2023. Gerfried Eder was previously
Managing Director & Director Sales of the Semperflex segment (hydraulic and
industrial hoses) and was responsible for more than 30% of group revenue in
2022. He has been with Semperit since 2000, has held various management
positions within the Semperit Group and will assume responsibility for the
Industrial Applications division. Gerfried Eder and his team have developed
hose manufacturing into the most important production branch in terms of
revenue and profitability in recent years. Thomas Cord Prinzhorn, Chairman
of the Supervisory Board of Semperit AG Holding, comments: “I welcome Mr.
Gerfried Eder to the Executive Board and am pleased that we were able to
attract such an experienced Semperit manager for this new position. Gerfried
Eder has positioned the Semperflex segment in an excellent strategic way and
has achieved high profitability over many years. It is now a matter of
implementing this in the other production areas as well.” In the new
organisation structure, CEO Karl Haider is responsible for the Engineered
Applications division, while CFO Helmut Sorger’s responsibilities remain
unchanged.
Today, the Supervisory Board also approved the premature termination of COO
Kristian Brok’s Executive Board contract with great regret: Kristian Brok
will leave the company at his own request on 30 June 2023, to pursue a new
professional challenge. Brok had been a member of the Executive Board since
January 2020. Thomas Cord Prinzhorn on the departure of Kristian Brok said:
“With Kristian Brok, Semperit is losing a manager with international
experience in the polymer and elastomer sector, whom I would like to thank
for his services over the past years.”
[[3][1] The first closing is expected on August 31, 2023]
[[4][2] The closing is expected on July 31, 2023]
Contact:
Alexander Kleedorfer Judit Helenyi
Director Group Brand Management Director Investor Relations
(Interim), Corporate Spokesperson
+43 676 8715 8464 +43 676 8715 8310
[5]alexander.kleedorfer@semperitgroup.com [6]judit.helenyi@semperitgroup.com
[7] www.semperitgroup.com
[8] www.linkedin.com/company/semperit-ag
About Semperit
The publicly listed company Semperit AG Holding is an internationally
oriented group that develops and produces polymer products for the
industrial and medical sectors, selling them in over 100 countries around
the world: hydraulic and industrial hoses, conveyor belts, escalator
handrails, construction profiles, cable car rings, products for railway
superstructures, and examination and surgical gloves. Founded in 1824, this
long-standing Austrian company has its headquarters in Vienna, Austria. The
Semperit Group employs around 6,500 people worldwide in its continued and
discontinued operations, including some 3,100 in Asia and approximately 900
in Austria (Vienna and production site Wimpassing, Lower Austria). The Group
has 16 manufacturing facilities worldwide and numerous sales offices in
Europe, Asia, Australia, and America. In the 2022 financial year, the Group
generated revenue of EUR 779.8 million and an EBITDA of EUR 100.5 million in
continued operations.
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20.06.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com
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Language: English
Company: Semperit AG Holding
Am Belvedere 10
1100 Wien
Austria
Phone: +43 1 79 777-310
Fax: +43 1 79 777-602
E-mail: judit.helenyi@semperitgroup.com
Internet: www.semperitgroup.com
ISIN: AT0000785555
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1661207
End of News EQS News Service
1661207 20.06.2023 CET/CEST
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5. alexander.kleedorfer@semperitgroup.com
6. judit.helenyi@semperitgroup.com
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