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. Eder, who has been with the company since 2000, has been a member of Semperit's Executive Board as Chief Industrial Officer since July 1, 2023. He is responsible for the Industrial Applications division, which includes hydraulic and industrial hoses and profiles, and his oversight extends to commercial excellence, research and development, supply chain, procurement, occupational safety, environment, and quality.
This decision carries significant weight for the industrial manufacturing sector, as it underscores a commitment to leadership stability at a major global supplier of elastomer products. Semperit operates in over 100 countries and employs approximately 4,000 people worldwide, with its Industrial Applications division focusing on high-volume production for industrial uses. The extension of a key executive's contract directly impacts strategic planning, investor confidence, and the company's ability to execute long-term initiatives in a competitive global market.
Cord Prinzhorn, Chairman of the Supervisory Board, stated the move is a sign of continuity and a strong focus on the sustainable expansion of the company's market position. "Gerfried Eder has been a guarantor of outstanding performance for 25 years," Prinzhorn said. "With his clear focus on efficiency and sales excellence, he has made a significant contribution to further developing the company." This endorsement highlights the internal valuation of Eder's operational management, particularly in areas like cost leadership and process optimization, which are critical for maintaining profitability in industrial manufacturing.
For customers and partners in industries reliant on hydraulic systems, conveyor technology, and specialized elastomer components, this leadership continuity suggests a sustained emphasis on innovation and supply chain reliability. Eder commented on the strategic direction, noting, "Lean processes and a high level of innovation power form the solid foundation of our business. We can only make the most of growth opportunities and further improve our market position if we create added value for our customers." His statement points to the company's ongoing priorities: leveraging technological strength and customer focus to capitalize on positive market trends.
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, headquartered in Vienna and founded in 1824, reported revenue of EUR 676.6 million and EBITDA of EUR 84.9 million for the 2024 financial year. Its operations include 16 production sites and numerous sales offices across Europe, Asia, Australia, and America. The original announcement was published on www.newmediawire.com.
In the broader context, such executive contract extensions at publicly listed industrial firms often precede focused periods of investment and market consolidation. For Semperit, this move reinforces its strategic pillars of efficiency and innovation within its Semperit Industrial Applications and Semperit Engineered Applications divisions. The decision assures stakeholders of management stability as the company navigates global supply chain dynamics and seeks to strengthen its position in the engineered elastomer products market, which includes items like escalator handrails, conveyor belts, and cable car rings.
