DGAP-News: Schaltbau Holding AG / Key word(s): Miscellaneous
Schaltbau Holding AG: Subsidiary Bode reduces number of managing directors to adapt to current business developments
- Dr Jörg Willert is leaving the management board of Gebr. Bode GmbH & Co. KG with effect from 31 December 2020
- As from 1 January 2021, Bode will be managed by its three remaining directors Thomas Giebisch, Uwe Gerber and Dominic Daly
Munich, 17 September 2020 - Dr Jörg Willert will leave the management team of Gebr. Bode GmbH & Co. KG with effect from 31 December 2020.
"We have jointly decided to take this step in response to current business developments in the Automotive & Bus division at Bode," said Dr Albrecht Köhler, CEO of Schaltbau Holding AG. "We would especially like to thank Dr Willert for his outstanding personal commitment in driving forward the strategic and operational repositioning of this division."
Bode is a globally leading supplier of innovative door and boarding systems for trains, buses, commercial and electric vehicles and the number one in Europe. Its most important line of business is the rolling stock sector. In the wake of the COVID-19 pandemic, Bode recorded a drop in order intake in the first six months of the year, mainly in the Bus & Automotive lines of business. The spread of the pandemic has held down order intake from major bus and car manufacturers and resulted in temporary plant closures as well as a current negative market trend in the commercial vehicle and passenger bus sectors.
For this reason, the Executive Board is currently adjusting its medium-term strategic planning to take account of the new market conditions. With effect from 1 January 2021, Thomas Giebisch (Managing Director Rolling Stock) will also manage the Bus & Automotive division. Uwe Gerber continues as Managing Director Operations responsible for quality and processes, while Dominic Daly remains Managing Director Finance (CFO).
Dr. Kai Holtmann
Head of Investor Relations & Corporate Communications
Schaltbau Holding AG
P +49 89 93005-209
|Company:||Schaltbau Holding AG|
|Phone:||+49 89 - 93005 - 209|
|Fax:||+49 89 - 93005 - 398|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange|
|EQS News ID:||1133013|
|End of News||DGAP News Service|