NORMA Group SE will reduce its Management Board from three to two members, with the board now consisting only of the CEO and CFO. The Supervisory Board approved the decision, which reflects the changed size and setup of the company as part of its transformation towards NewNORMA.
Dr. Daniel Heymann, member of the Management Board and Chief Operating Officer, stepped down from the Management Board effective September 14, 2026, after mutually agreeing with the company to end his contractual relationship. The move follows the sale of the Water Management business and a realignment of the company’s management approach. In July 2026, the Supervisory Board was also reduced from six to five members after approval by the Annual General Meeting.
Birgit Seeger, CEO of NORMA Group, said: “I would like to personally thank Daniel very much for the trusted and constructive collaboration. I wish him all the best for his professional and personal future. With the transformation towards NewNORMA, we are consistently aligning the company with its future size and organizational setup. This also includes an appropriately lean management structure.”
Mark Wilhelms, Chairman of the Supervisory Board of NORMA Group SE, added: “Reducing the size of the Management Board will make NORMA Group more agile and thereby enhance the Group’s competitiveness. This will enable us to better leverage the opportunities created as part of the transformation strategy.”
The decision is significant for investors and the industrial sector because it signals a broader strategic shift at NORMA Group, an international market leader in engineered and standardized connecting technology. With around 6,000 employees and customers in over 100 countries, the company generated sales of around EUR 820 million in 2025. Its products are used in electric and combustion vehicles, ships and aircraft, energy and infrastructure systems, machinery, pharma, agriculture, white goods, and buildings.
A leaner management board could allow NORMA Group to respond faster to market changes and improve cost efficiency, but the departure of a senior executive during a transformation also carries execution risks. The company’s global network of 19 production sites and numerous sales offices across Europe, the Americas, and Asia-Pacific means that any structural change can have wide-reaching effects on operations and employees.
For readers and industry observers, the move highlights how industrial firms are streamlining leadership to stay competitive amid shifting demand and portfolio adjustments. NORMA Group SE is listed on the Frankfurt Stock Exchange in the regulated market (Prime Standard) and is a member of the SDAX. Additional information on the company is available at www.normagroup.com, and the original release can be viewed on www.newmediawire.com.
