on Villeroy & Boch AG (isin : DE0007657231)
Villeroy & Boch AG Announces Management Board Restructuring
On July 4, 2024, the Supervisory Board of Villeroy & Boch AG announced a reorganisation of the Management Board responsibilities. This restructuring will take effect from August 1, 2024, and involves a shift in the Group's organization.
The current Bathroom & Wellness division will merge with Ideal Standard and split into three functional areas: Operations, Sales, and Marketing/R&D/Product Management. The new Chief Operations Officer Bathroom & Wellness (COO B&W) role will encompass "Purchasing" and "ESG" and will be filled by the current Board member Georg Lörz.
Additionally, positions for Executive Vice President Marketing/R&D/Product Management and Executive Vice President Sales Bath & Wellness will be created. Jan Peter Tewes, now Managing Director of Ideal Standard, will take on the Executive Vice President Sales Bath & Wellness role. Recruitment for the EVP Marketing role is underway.
R. E.
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