19/12/18

Würth Group appoints new member to Central Managing Board

Dr. Steffen Greubel appointed new member of the Central Managing Board of the Würth Group. Peter Zürn to resign from this body at the end of 2019.

Künzelsau. Dr. Steffen Greubel will be appointed new member of the Central Managing Board of the Würth Group as of 1 April 2019. Dr. Greubel will gradually take over responsibility for the companies of the Würth Line from Peter Zürn. The Central Managing Board is the highest decision-making body of the Würth Group, the global market leader in the sale of assembly and fastening technology. Its most important duties include corporate strategy planning, the selection of executives as well as the management of strategic business units and functions.

In April 2014, Peter Zürn had won Dr. Steffen Greubel for the Würth Group, preparing for this transition in recent years. Peter Zürn will resign from the Central Managing Board as of 31 December 2019. He will continue to support the Group—above all the Würth Line Industry unit—with his long-standing experience as an external consultant.

Peter Zürn (aged 59) joined the company in 1979. He was appointed member of the management of Adolf Würth GmbH & Co. KG, the Group’s parent company, in 1990 before becoming chairman in 2002. In 2009, Peter Zürn moved further up to the position of Deputy Chairman of the Central Managing Board. In this position, he was responsible for the entire Würth Line. “Peter Zürn has shaped and driven the growth of this company with his direct and open style, his visionary decisions and the courage to follow new ideas. We are very grateful for all he has done and his willingness to continue to support us with the great wealth of knowledge he has amassed over the years,” Bettina Würth, Chairwoman of the Advisory Board of the Würth Group, commented.

Dr. Steffen Greubel appointed new member of the Central Managing Board

Dr. Steffen Greubel (45)—former partner in the trade sector of McKinsey&Company—has been in the Würth Group since April 2014. As Executive Vice President, he is currently responsible for the Würth Line companies in Italy, Spain and France, as well as for the corporate development of the Group. Under his leadership, the Group’s Würth Line company in Italy achieved a turnaround, emerging from a crisis by double-digit growth rates.

About the Würth Group

The Würth Group is the global market leader in its core business—the sale of fastening and assembly materials. It currently consists of more than 400 companies in over 80 countries with more than 76,000 employees on its payroll. Approximately 33,000 of those employees are salaried sales representatives.

In the Group's core business, the Würth Line, the sales program for the trades and industry comprises more than 125,000 products: from screws, screw accessories and anchors to tools, technical chemicals and personal protective equipment.

The Allied Companies of the Würth Group, which either operate in business areas related to its core business or in diversified business areas, round off the range by offering products for DIY stores, material for electrical installations, electronic components such as circuit boards, and financial services. They account for more than 40 percent of the Würth Group’s sales volume.

Steffen Greubel

Dr. Steffen Greubel appointed new member of the Central Managing Board of the Würth Group.

Picture: Würth

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Peter Zürn

Peter Zürn to resign from the Central Managing Board of the Würth Group at the end of 2019.

Picture: Wolfgang Uhlig

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