EQS-News: Semperit: Executive Board mandate of CFO Helmut Sorger extended until 2028

Semperit: Executive Board mandate of CFO Helmut Sorger extended until 2028

Vienna, February 25, 2025 – The Supervisory Board of Semperit AG Holding has prematurely extended the Executive Board mandate of Helmut Sorger for a period of three years until September 30, 2028. Helmut Sorger has been Chief Financial Officer of Semperit since October 1, 2022.

Thomas Cord Prinzhorn, Chairman of Semperit’s Supervisory Board: “Helmut Sorger has played a key role in shaping the strategic realignment of Semperit as a leading supplier of industrial elastomers. The extension of his contract is a sign of continuity and our ongoing strong focus on sustainably expanding our market position and cost leadership. We look forward to our continued collaboration.”

Helmut Sorger, CFO of Semperit: “The Semperit Group has a very solid financial foundation due to our focus on high cash flow generation and cost discipline. We will continue to drive our value-creating growth and the digitalization of our business on this strong basis, thus further improving our customer orientation and our profitability.”

From March 1, 2025, the Executive Board of Semperit AG Holding will consist of the following four members: Karl Haider (CEO – until March 31, 2025), Manfred Stanek (CEO-designate – CEO from April 1, 2025), Helmut Sorger (CFO), Gerfried Eder (CIO).

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About Semperit

The publicly listed Semperit AG Holding is an internationally oriented group of companies that develops, produces and sells high-quality elastomer products and applications for industrial customers in over 100 countries worldwide through its two divisions, Semperit Industrial Applications and Semperit Engineered Applications. With its highly efficient production and cost leadership, the Semperit Industrial Applications division focuses on industrial applications in connection with large-scale production, including hydraulic and industrial hoses as well as profiles. The Semperit Engineered Applications division comprises the production of escalator handrails, conveyor belts, cable car rings, other engineered elastomer products, as well as the Rico Group, and focuses on customized technical solutions. The traditional Austrian company was founded in 1824 and is headquartered in Vienna. The Semperit Group employs around 4,200 people worldwide and has 16 production sites and numerous sales offices in Europe, Asia, Australia and America. In the 2023 financial year, the Group generated revenue of EUR 721.1 million and EBITDA of EUR 71.8 million.