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 three years until June 30, 2029. Eder, who joined the company in 2000, has served as Chief Industrial Officer since July 2023, overseeing the Industrial Applications division that includes hydraulic and industrial hoses and profiles. His responsibilities also encompass commercial excellence, research and development, supply chain, procurement, occupational safety, environment, and quality.

Cord Prinzhorn, Chairman of the Supervisory Board, stated that Eder has been "a guarantor of outstanding performance for 25 years" and that his contract extension represents "continuity and the ongoing strong focus on the sustainable expansion of our market position." This move underscores Semperit's commitment to maintaining experienced leadership as it navigates industrial markets. The company operates internationally with two divisions: Semperit Industrial Applications, focusing on large-scale production items like hoses and profiles, and Semperit Engineered Applications, which produces customized solutions such as escalator handrails and conveyor belts.

Eder emphasized that "lean processes and a high level of innovation power form the solid foundation of our business," adding that creating customer value is essential for growth. He noted the company's strategy to "expand our cost leadership, technological strength, and customer focus to benefit disproportionately from positive market trends." This approach is critical for Semperit, which employs approximately 4,000 people across 16 production sites worldwide and generated revenue of EUR 676.6 million with EBITDA of EUR 84.9 million in 2024, according to its financial reports available at https://www.newmediawire.com.

The Executive Board now consists of three members: Manfred Stanek as CEO, Helmut Sorger as CFO, and Eder as CIO. This leadership stability is significant for investors and industrial customers who rely on Semperit's products in over 100 countries. The extension reflects confidence in Eder's ability to drive efficiency and sales excellence, which are vital for competing in global elastomer markets where technological advancement and cost management determine market position.

For the industry, this news highlights Semperit's strategic emphasis on operational excellence and innovation amid evolving market demands. The company's focus on hydraulic and industrial hoses, profiles, and engineered applications positions it to capitalize on infrastructure and manufacturing trends worldwide. By securing key leadership, Semperit aims to strengthen its production capabilities and customer relationships, potentially influencing supply chains and competitive dynamics in the elastomer sector.