Semperit AG Holding Extends Gerfried Eder's Executive Board Term Through 2029
TL;DR
Semperit AG Holding extends CIO Gerfried Eder's contract until 2029, reinforcing cost leadership and market position to capitalize on growth opportunities in industrial elastomer products.
Gerfried Eder's extended role as CIO at Semperit oversees industrial hoses, R&D, supply chain, and quality, ensuring lean processes and innovation for operational excellence.
Semperit's contract extension for Gerfried Eder promotes continuity and sustainable market expansion, fostering long-term stability and value creation for customers and employees worldwide.
Semperit, founded in 1824, employs 4,000 people globally and generated €676.6 million in revenue in 2024, showcasing its enduring industrial legacy.
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The Supervisory Board of Semperit AG Holding has extended Gerfried Eder's term on the Executive Board ahead of schedule for a period of three years until June 30, 2029. Eder, who has been with the company since 2000, has served as Chief Industrial Officer since July 1, 2023, overseeing the Industrial Applications division that includes hydraulic and industrial hoses and profiles.
Cord Prinzhorn, Chairman of the Supervisory Board, stated that Eder has been "a guarantor of outstanding performance for 25 years" and credited his focus on efficiency and sales excellence with contributing significantly to the company's development. Prinzhorn emphasized that the contract extension represents "a sign of continuity and the ongoing strong focus on the sustainable expansion of our market position."
Eder's responsibilities extend beyond the SIA division to include commercial excellence, research and development, supply chain management, procurement, occupational safety, environmental compliance, and quality assurance. In his statement, Eder highlighted that "lean processes and a high level of innovation power form the solid foundation of our business," adding that the company aims to "continue to expand our cost leadership, technological strength, and customer focus to benefit disproportionately from positive market trends."
The Executive Board of Semperit AG Holding consists of three members: Manfred Stanek as CEO, Helmut Sorger as CFO, and Gerfried Eder as CIO. The company operates internationally through its two divisions, Semperit Industrial Applications and Semperit Engineered Applications, serving industrial customers in over 100 countries. Additional information about the company's operations and financial performance can be found at https://www.newmediawire.com.
Semperit's Industrial Applications division focuses on industrial applications involving large-scale production, while the Engineered Applications division produces specialized products including escalator handrails, conveyor belts, and cable car rings. The company, founded in 1824 and headquartered in Vienna, employs approximately 4,000 people worldwide across 16 production sites and numerous sales offices. In the 2024 financial year, the Group reported revenue of EUR 676.6 million and EBITDA of EUR 84.9 million.
Curated from NewMediaWire
