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 since July 1, 2023, overseeing the Industrial Applications division that includes hydraulic and industrial hoses and profiles. Cord Prinzhorn, Chairman of the Supervisory Board, stated that Eder has been "a guarantor of outstanding performance for 25 years" and credited his focus on efficiency and sales excellence with contributing significantly to the company's development.
Prinzhorn emphasized that the contract extension represents "a sign of continuity and the ongoing strong focus on the sustainable expansion of our market position." This move signals confidence in Eder's leadership amid the company's international operations through its two divisions, Semperit Industrial Applications and Semperit Engineered Applications, serving industrial customers in over 100 countries. The company, founded in 1824 and headquartered in Vienna, employs approximately 4,000 people worldwide across 16 production sites and numerous sales offices, with revenue of EUR 676.6 million and EBITDA of EUR 84.9 million in the 2024 financial year.
Eder's responsibilities extend beyond the SIA division to include commercial excellence, research and development, supply chain management, procurement, occupational safety, environmental compliance, and quality assurance. In his statement, Eder highlighted that "lean processes and a high level of innovation power form the solid foundation of our business," adding that the company aims to "continue to expand our cost leadership, technological strength, and customer focus to benefit disproportionately from positive market trends." This strategic direction is crucial as the Industrial Applications division focuses on large-scale production, while the Engineered Applications division produces specialized products like escalator handrails, conveyor belts, and cable car rings.
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 early extension of Eder's contract underscores the importance of stability and expertise in driving the company's growth, particularly in a competitive global market. For more details on the company's operations and financial performance, visit https://www.newmediawire.com. This decision reinforces Semperit's commitment to leveraging Eder's long-term experience to enhance operational efficiency and capitalize on emerging opportunities, ensuring sustained profitability and market relevance.
