Semperit Extends CIO Gerfried Eder's Executive Board Term Through 2029

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 been a member of Semperit's Executive Board as Chief Industrial Officer since July 1, 2023. In this role, he is responsible for the Industrial Applications division, which includes hydraulic and industrial hoses and profiles. His area of responsibility also covers commercial excellence, research and development, supply chain, procurement, occupational safety, environment, and quality.

Cord Prinzhorn, Chairman of the Supervisory Board of Semperit, stated that Eder has been a guarantor of outstanding performance for 25 years. With his clear focus on efficiency and sales excellence, he has made a significant contribution to further developing the company. The extension of his contract is a sign of continuity and the ongoing strong focus on the sustainable expansion of our market position. The company looks forward to continuing on this path together.

Gerfried Eder, CIO of Semperit, emphasized that lean processes and a high level of innovation power form the solid foundation of the business. The company can only make the most of growth opportunities and further improve its market position if it creates added value for customers. That is why Semperit continues to expand its 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 publicly listed Semperit AG Holding is an internationally oriented group that develops, produces, and sells high-quality elastomer products and applications for industrial customers in over 100 countries worldwide through its two divisions. The Semperit Industrial Applications division focuses on industrial applications in connection with large-scale production, including hydraulic and industrial hoses as well as profiles. The Semperit Engineered Applications division comprises the production of escalator handrails, conveyor belts, cable car rings, other engineered elastomer products, and the Rico Group, focusing on customized technical solutions.

This contract extension matters because it provides leadership stability during a period of strategic expansion. Eder's continued oversight of the Industrial Applications division ensures consistency in pursuing cost leadership and technological innovation, which are critical for capitalizing on market opportunities in industrial elastomer products. The early renewal demonstrates confidence in his ability to drive growth in hydraulic and industrial hoses, profiles, and related areas, which represent core revenue streams for Semperit. For investors and stakeholders, this decision reinforces the company's commitment to operational excellence and market position strengthening, potentially supporting long-term value creation in a competitive global industry. The continuity in executive leadership allows Semperit to maintain strategic momentum in research and development, supply chain optimization, and customer relationship management, all essential for sustaining the company's international presence across its 16 production sites and numerous sales offices. View the original release on https://www.newmediawire.com.