Zurich, October 31, 2017 – The Conzzeta AG Board of Directors has appointed Michael Riedel as the new CEO of FoamPartner. He will assume the position on January 1, 2018 and will join the Conzzeta AG Executive Committee.
Dr. Michael Riedel (49, a German national) has worked in various positions at Clariant since 2009, including as Head of Business Excellence, overseeing the integration of Süd-Chemie, and as Head of Industrial and Consumer Specialties for the EMEA region. He currently holds the most senior human resources position at the company, Group Head Human Resources. Riedel's earlier professional career included managerial roles in research and development, production as well as operations at Höchst, Celanese, and SGL Carbon. He studied chemistry at the University of Münster, where he also completed a PhD in experimental chemistry.
This change at the FoamPartner helm and in the Conzzeta AG Executive Committee is part of the Group's existing growth strategy. Michael Willome, Conzzeta Group CEO, comments: "Michael Riedel offers the ideal combination of experience and skills required for the next stage in FoamPartner's development. In terms of business scale, we are venturing into new territory with the integration of Otto Bock Kunststoff. Together, we want to take advantage of the growth opportunities, also those that have emerged from the recent reorganization of the joint ventures in Asia and North America."
The current CEO of FoamPartner, Bart J. ten Brink (52), will resign as of the end of 2017 from his responsibilities as CEO as well as from Conzzeta AG's Executive Committee. The Board of Directors and Bart J. ten Brink have decided together, after eight years as CEO, to place FoamPartner's management into new hands. Bart J. ten Brink wishes to pursue a new challenge outside the Group. Michael Willome, Conzzeta Group CEO, comments: "Bart J. ten Brink will accompany the handover to his successor. I would like to thank him for his many years of successful service. Under his leadership, FoamPartner has become one of the world's leading providers of foam materials."
For further information please contact:
Michael Stäheli, Head Investor Relations & Corporate Communications
Phone +41 44 468 24 84
Conzzeta is a broadly diversivied Swiss group of companies. It stands for innovation, reliability and a long-term perspective. Conzzeta strives for leading positions in its target markets, above-average growth and long-term value creation. Over 4200 employees at more than 60 locations worldwide are dedicated to offering customers innovative solutions in Sheet Metal Processing, Sporting Goods, Foam Materials, Graphic Coatings and Glass Processing. Conzzeta AG is listed on the SIX Swiss Exchange (SIX:CON).
Zurich, October 18, 2017 – The FoamPartner business unit of Conzzeta has largely completed its extensive precautions and chemical analyses at the sites affected by the defective raw material deliveries. Most of the chemical samples did not exceed thresholds, indicating that there are no health risks. Foam production has been resumed at the Wolfhausen location, and processing is also expected to be fully operational again by 19 October 2017.keyboard_arrow_right
Zurich, October 11, 2017 – Conzzeta confirms that BASF’s deficient raw material deliveries also affect their FoamPartner business unit. In order to protect employees, customers and consumers from possible health risks, production and delivery was suspended at the Wolfhausen site on 6 October 2017. The reason for this is that BASF has supplied the plastic precursor product toluene diisocyanate (TDI) with an excessively high proportion of potentially harmful and polluting substances. The financial impact of these necessary measures cannot yet be estimated, but should be largely covered by the supplier or by existing insurance policies.keyboard_arrow_right
Zurich, September 1, 2017 – Conzzeta announces the closing of the agreement to acquire Otto Bock Kunststoff. Following the announcement on July 21, 2017, Conzzeta assumed full control as per September 1, 2017, with corresponding first-time consolidation.keyboard_arrow_right