GERMANY – With effect as of August 31, 2015, Ralph Heuwing is stepping down as planned from Homag Group AG’s management board, on which he has served as CEO since December 2014. Pekka Paasivaara, who had served as joint-CEO together with Heuwing since June 15, 2015, is thus taking over as sole CEO of HOMAG Group AG with effect as of September 1, 2015. 

Going forward, Ralph Heuwing will resharpen his focus on his role as CFO of Dürr AG, Homag Group’s parent company. In addition, he will join the supervisory board of HOMAG Group AG and take over its chairmanship from Ralf W. Dieter, CEO of Dürr AG. Ralf W. Dieter will, however, remain on the HOMAG Group’s supervisory board.

Pekka Paasivaara: “I would like to express my gratitude to Ralph Heuwing for our productive collaboration, which we will build on. With his successful work, he has laid an excellent foundation for the coming changes in the Homag Group. Together with the management board team, I will drive forward and shape this process.”