sur GEA Group Aktiengesellschaft (ETR:G1A)
GEA Supervisory Board Extends CEO Contract and Restructures Leadership
The GEA Group's Supervisory Board has made an early decision to extend CEO Stefan Klebert's contract until December 2028. This decision is part of a broader organizational restructuring set to take effect from January 1, 2026. The Executive Board will expand from three to six members, aiming to reduce the average age and streamline management. The 14-member Global Executive Committee will be dissolved, with strategic Executive Board areas focusing on key business sectors.
Responsibilities for China and India will directly fall under the CEO as these markets are deemed crucial for growth. A new People & Sustainability Board area will integrate HR, Sustainability, and Legal functions, aimed at enhancing agility and aligning with Mission 30 targets. The Board will witness key leadership changes, including the appointment of Alexander Kocherscheidt as CFO. The restructuring measures are set to enhance GEA's agility and efficiency, aiding in quicker decision-making and cost reduction.
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