TPT January 2014

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Industry News
January 2014 25
Board of management
downsized
AS part of its future-orientated
Growing Together 2.0 programme,
the Schuler Group is streamlining its
top management level and merging
individual companies. The board of
management is to be downsized from
five to four members and the number of
second-tier managers in Germany is to
be reduced significantly.
In explaining the planned changes,
Schuler AG’s CEO, Stefan Klebert,
stated: “The new organisational
structure will help us become more
efficient. Schuler has been performing
strongly over the past few years and
our Growing Together 2.0 programme
is aimed at maintaining this success in
future.”
Since 2010 the company has doubled
sales revenue and quadrupled its
operating result. According to the latest
figures Schuler is on course to reach the
growth targets it set itself for fiscal year
2013/14 (sales of around €1.2bn and an
Ebitda margin of about 10 per cent)
already in the 2012/13 fiscal year.
In the course of the planned structural
changes, Dr Markus Ernst stepped down
fromSchuler AG’s board of management
on 30 September, 2013. He had been
a member of the board since 2007 and
was responsible for five technology
fields in the group’s non-automotive
business. His responsibilities will be
assumed by CEO Stefan Klebert.
“The supervisory board would
like to thank Dr Markus Ernst for his
tremendous dedication and contribution
to the Schuler Group’s success over the
past years,” stated Dr Wolfgang Leitner,
chairman of Schuler AG’s supervisory
board.
As of 1 October, 2013, the board of
management of Schuler AG will consist
of Stefan Klebert (CEO – chief executive
officer), Joachim Beyer (CTO – chief
technology officer), Norbert Broger
(CFO – chief financial officer and labour
director), and Peter Jost (COO – chief
operating officer).
The board of management and
supervisory board are currently
examining possibilities to streamline
the complex group structure, especially
in Germany, which has resulted from a
number of company acquisitions over
the years.
“The new corporate structure is aimed
at facilitating fast decision processes
and clear responsibilities, while at the
same time ensuring the group offers its
customers a unified product range,” said
Stefan Klebert.
“The resulting firm foundation will
enable us to successfully overcome any
future challenges.”
Schuler – Germany
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