Rehau Group: More Independence for the Business Units; Change in the Supervisory Board

June 24th, 2021 by Editor

Dr. Veit Wagner and Jobst Wagner

The Rehau Group is setting up Rehau Automotive and Rehau Industries as separate companies within the Group, dividing the company currently known as Rehau AG + Co. Together with RaumedicC and Meraxis, as well as the recently founded innovation unit Rehau New Ventures, these will form the pillars of the Rehau Group in the future. At the same time, after more than 20 years at the helm of the Rehau Supervisory Board, Jobst Wagner will hand over the office of president to his brother Dr. Veit Wagner on July 1, 2021, and take on his brother’s current role as vice president.

“Over the past over 20 years, my brother and I have steadily developed the Rehau Group and consistently set the course for a strong, globally active group of companies,” said Jobst Wagner. “At the core has always been our unmistakable culture, which has, from the very beginning, distinguished us as an independent family business that prioritizes innovation, entrepreneurial freedom and customer proximity. Above all, however, our focus is on our employees, with whom we are continuing this successful path.”

Dr. Veit Wagner added that, “As a modern family business, we rely on change to lead the Group into a sustainably successful future. In particular, we want to make our divisions even more targeted and powerful.”

The new company Rehau Industries will form the common umbrella for the other divisions of Rehau: Building Solutions, Window Solutions, Furniture Solutions and Industrial Solutions. It will also house the cross-divisional services units. Both new companies will be optimally positioned for customer-focused competition and profitable growth. Rehau Industries will continue to be led by CEO William Christensen.

The transition to the new structure is expected to be completed in the first half of 2022. The new management bodies will already start their work on July 1, 2021. For the employees of Rehau, all employment contracts, contract contents, as well as creditable seniority, will remain unchanged.

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