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. This early contract renewal carries significant implications for the company's strategic direction and market positioning, particularly as Semperit operates internationally through its two divisions serving industrial customers in over 100 countries. 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." This move is particularly important given the company's financial performance, with the Group reporting revenue of EUR 676.6 million and EBITDA of EUR 84.9 million in the 2024 financial year.
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." This strategic approach matters because it positions Semperit to capitalize on industrial market opportunities while maintaining operational efficiency across its 16 production sites and numerous sales offices worldwide.
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'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. Additional information about the company's operations and financial performance can be found at https://www.newmediawire.com. The contract extension for a key executive with 25 years of company experience signals stability for the approximately 4,000 employees worldwide and reinforces the company's commitment to maintaining its position in competitive industrial markets.
