TPT January 2014

Industry News

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. 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.

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.”

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

“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

Schuler – Germany Website: www.schulergroup.com

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J anuary 2014