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GERRY WEBER Supervisory Board decides new Managing Board structure and commissions Managing Board to develop a performance programme for a sustainable increase in profitability
February 21, 2018
- Johannes Ehling appointed Chief Sales Officer and Chief Digital Officer already effective 1 April 2018
- Appointment of Jörg Stüber as Chief Financial Officer extended
- Supervisory Board commissions new Managing Board to develop a programme to improve the company’s performance
At today’s meeting, the Supervisory Board of GERRY WEBER International AG decided the company’s future Managing Board structure. Effective 1 April 2018, the Managing Board of GERRY WEBER International AG will again be composed of three members.
Johannes Ehling will strengthen the Managing Board as Chief Sales Officer and Chief Digital Officer and take up his work already with effect from 1 April 2018. He has been appointed for three years. Johannes Ehling had originally been expected to join the Board as of 1 September 2018.
Up to his entry at the GERRY WEBER Group, Johannes Ehling served as Managing Director of Ernsting’s family. His previous positions included that of Management Board member of Willy Bogner, Global Head of Sales at Escada-Sport as well as various management roles.
The appointment of Jörg Stüber has been extended, so that he will continue to serve as Chief Financial Officer on the Managing Board chaired by CEO Ralf Weber going forward. As long-serving Head of Finance of the GERRY WEBER Group, Jörg Stüber was appointed temporary CFO after the departure of Dr. David Frink in November 2017. His contract will be renewed by another three years effective 1 April 2018.
The graduate economist joined the GERRY WEBER Group as Head of Finance in 2011 after having worked at Ernst & Young as well as EnBW AG, where he held the position of Head of Accounting and Taxes.
"I am very pleased that the appointment of Johannes Ehling as Chief Sales Officer and Chief Digital Officer and the renewed appointment of Jörg Stüber as Chief Financial Officer have resulted in a very experienced and competent Managing Board team. Together with all employees, we will lead GERRY WEBER back to sustainable profitable growth and put all
necessary measures into practice," says Ralf Weber, CEO of GERRY WEBER International AG.
As of 1 April 2018, the Managing Board of GERRY WEBER International AG will be composed as follows:
Ralf Weber, Chief Executive Officer, is responsible for Corporate Development, Strategy, Procurement and Logistics as well as the Strategic Business Unit (SBU) “GERRY WEBER/talkabout” and the SBU “TAIFUN/SAMOON”.
Jörg Stüber, Chief Financial Officer, is responsible for Finance, Controlling, Central Purchasing, Compliance, Investor Relations and HR.
Johannes Ehling, Chief Sales Officer and Chief Digital Officer, will assume responsibility for the national and international distribution channels (Wholesale, Retail and E-Commerce), IT and the digital strategy of the GERRY WEBER Group as well as for the HALLHUBER SBU.
The Supervisory Board will support the future Managing Board in achieving a sustainable improvement in the profitability of the GERRY WEBER Group. It has therefore commissioned the Managing Board to develop a performance programme aimed at achieving a sustainable improvement in the company’s profitability.
The Managing Board projects Group revenues of between EUR 870 million and EUR 890 million for the fiscal year 2017/18. The Managing Board also assumes that the implementation of the measures yet to be developed and the ongoing modernisation of the brands will lead to further extraordinary effects in FY 2017/18. Consequently, consolidated earnings before interest and taxes (EBIT reported) are expected to come in at between EUR 10 million and EUR 20 million.
The Managing Board will announce further details of the forecast for the fiscal year 2017/18 at the annual accounts press conference in Halle/Westphalia on 27 February 2018. back to overview