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 served as Chief Industrial Officer (CIO) and a board member since July 2023. He oversees the Industrial Applications (SIA) division, which includes hydraulic and industrial hoses and profiles, and his responsibilities extend to 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, contributing significantly to the company's development through a focus on efficiency and sales excellence. The contract extension is viewed as a sign of continuity and a strong commitment to the sustainable expansion of Semperit's market position. The Executive Board of Semperit AG Holding comprises three members: Manfred Stanek as CEO, Helmut Sorger as CFO, and Gerfried Eder as CIO.
In his role, Eder emphasizes that lean processes and a high level of innovation power form the solid foundation of the business. He noted that maximizing growth opportunities and improving market position requires creating added value for customers, which drives the company's efforts to expand cost leadership, technological strength, and customer focus. This approach aims to benefit disproportionately from positive market trends.
Semperit AG Holding is an internationally oriented group that develops, produces, and sells high-quality elastomer products and applications for industrial customers in over 100 countries. It operates through two divisions: Semperit Industrial Applications and Semperit Engineered Applications. The Industrial Applications division focuses on industrial applications in large-scale production, including hydraulic and industrial hoses and profiles, while the Engineered Applications division produces escalator handrails, conveyor belts, cable car rings, and other engineered elastomer products, along with the Rico Group for liquid silicone and mold making, focusing on customized technical solutions.
Founded in 1824 and headquartered in Vienna, the Semperit Group employs around 4,000 people worldwide, with 16 production sites and numerous sales offices across Europe, Asia, Australia, and America. In the 2024 financial year, the Group generated revenue of EUR 676.6 million and EBITDA of EUR 84.9 million. The original release can be viewed on www.newmediawire.com.
For business and technology leaders, this extension underscores the importance of stable, experienced leadership in driving operational excellence and innovation within industrial sectors. It highlights how companies like Semperit leverage long-term executive commitments to strengthen market positions, enhance customer value, and capitalize on global trends in elastomer applications, which are critical in industries ranging from manufacturing to infrastructure. The move may signal confidence in Eder's strategic vision for efficiency and growth, potentially influencing investor perceptions and competitive dynamics in the industrial products market.
