GERMANY - In response to a continued downturn in market demand and to finetune its organization toward targeted, profitable growth, Rehau announced the restructuring of its Furniture Solutions and Industrial Solutions division.

On January 1, 2020, Jürgen Werner, current Head of the Furniture Solutions division, will also assume responsibility for the Industrial Solutions division, currently lead by Eckhard Kraft.

Through these changes, Rehau aims to promote targeted corporate growth while at the same time paying particular attention to structures and costs in order to be efficiently and profitably positioned for the future.

There will also be leadership changes in the financial departments of the company – at the level of the Rehau Group and its holding company, Rehau Verwaltungszentrale AG.  Effective January 1, 2020, Harald Vogelsang will assume the role of CFO of the Rehau Group based at the Rehau, Germany location and will become a member of the Group Executive Board from 2020. In addition, Vogelsang will also be responsible for the Integrated Business Solutions (IBS) department. The 57-year-old economist has many years of experience as CFO of various companies including Siemens AG and global technology companies.

Rehau Verwaltungszentrale AG strengthens its position as the financial holding company of the Rehau Group and appoints Dr. Martin Zwyssig as CFO. The 54-year-old is expected to start on April 1, 2020. However, this date still has to be confirmed by his current employer Autoneum. Zwyssig brings with him many years of experience as CFO of international industrial groups. He currently works for the listed Autoneum Holding AG, where he has been Group CFO for more than five years. Born in Switzerland, he managed various financing and refinancing activities, oversaw in-depth turnaround projects and gained broad industry knowledge in the financial industry.