Würth Group restructures Central Managing Board
Künzelsau. In cooperation with management consulting firm McKinsey & Company, Inc. the Supervisory Board of the Würth Group's Family Trusts and the Advisory Board of the Würth Group decided to streamline the Central Managing Board to increase its clout. The body will be reduced from seven to four members.
Robert Friedmann will remain Chairman and Peter Zürn Deputy Chairman of the Central Managing Board, Joachim Kaltmaier will continue to see to the Group's finance sector. Newly appointed Member of the Central Managing Board is Uwe Hohlfeld, who will be in charge of strategic planning and controlling. Dr. Reiner Specht will continue his tasks, now in the function of Deputy Member of the Central Managing Board, while Mr. Michel and Mr. Rampmaier will go into their well-deserved retirement at the end of the year. Jürg Michel will join the Advisory Board of the Würth Group in 2014; Wolfgang Rampmaier will work as consultant for the Group. Michel Kern will continue to head Würth International in Chur and remains responsible for the activities in the Asian market.
Uwe Hohlfeld, who has been successfully managing the finance and controlling unit of Adolf Würth GmbH & Co. KG since 2003, will from now on bring his outstanding expertise to bear in the Group.
About the Würth Group
The Würth Group is the world's market leader in its core business, the trade in assembly and fastening materials. It currently consists of more than 400 companies in over 80 countries and has more than 64,000 employees on its payroll. Approximately 30,000 of them are permanently employed sales representatives. A sales volume of EUR 9.98 billion was generated in the business year 2012.
In the Group's core business, the Würth Line, the sales program for craft and industry comprises more than 100,000 products - from screws, screw accessories and anchors over tools to chemical-technical products and personal protective equipment.
The Allied Companies of the Würth Group, which either operate in business areas adjacent to the 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 as well as financial services. They generate approximately 40 percent of the Würth Group's sales volume.