Change to Group Management
Arbonia AG / Key word(s): Agreement/Personnel
Change to Group Management
08-May-2024 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
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Arbon, 8 May 2024 - Following Arbonia's decision to accept the offer to sell
the Climate Division and focus on the doors business, Group Management will
be reorganised after the closing of the transaction.
In this connection, Daniel Wüest has decided to step down from his position
as Group CFO after the sale of the Climate Division in order to take on a
new professional challenge outside of Arbonia.
Daniel Wüest joined Arbonia in April 2019 after already having supported
Arbonia for many years in his previous work. In his role as Group CFO,
Daniel Wüest has accompanied various essential projects in the
transformation of Arbonia, consisting of numerous acquisitions (incl. Cicsa,
Termovent, GVG) on the one hand and the sale of the Windows Division as well
as the Climate Division on the other.
Daniel Wüest was furthermore responsible for expanding internal and external
financial reporting and performance measurement, for balance sheet
management as well as sustainability reporting (incl. introduction of
sustainability goals for compensation) and establishing them in the Group.
Alexander von Witzleben, Executive Chairman of the Board of Directors of
Arbonia: "I would like to thank Daniel Wüest in the name of the entire Board
of Directors and Group Management. As Group CFO, Daniel Wüest has helped to
shape Arbonia's transformation and secured its financing. With his extensive
expert knowledge, his experience, and his goal-oriented attitude, he has
also greatly supported the final step in focussing on the doors business. We
thank him for his excellent cooperation and look forward to relying on his
expertise and his dedication until the conclusion of the Climate Division
sales process. At the same time, we wish him all the best for his career."
Further details on the organisation and management of Arbonia when it will
focus on the doors business will be made known on Capital Markets Day in
Autumn 2024 at the latest. Daniel Wüest will continue to closely accompany
the closing of the Climate Division sale as well as the associated capital
repayment measures until the end of September 2024.
Contact
Fabienne Zürcher
Head Corporate Communications & Investor Relations
T +41 71 447 45 54
fabienne.zuercher@arbonia.com
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End of Inside Information
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Language: English
Company: Arbonia AG
Amriswilerstrasse 50
9320 Arbon
Switzerland
Phone: +41 71 447 41 41
E-mail: holding@arbonia.com
Internet: www.arbonia.com
ISIN: CH0110240600
Listed: SIX Swiss Exchange
EQS News ID: 1898155
End of Announcement EQS News Service
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1898155 08-May-2024 CET/CEST