Leifheit Aktiengesellschaft: Leifheit completes setting of the course in Board of Management

Leifheit completes setting of the course in Board of Management

• Supervisory Board appoints Ivo Huhmann as member of the Board of Management (CFO)
• Prudent planning of senior management succession

Nassau, 15 December 2016 - Leifheit AG has completed its personnel setting of the course for the future on the Board of Management. With its decision of 7 December 2016, the Supervisory Board appointed Ivo Huhmann (47) as a member of the Board of Management (CFO) of Leifheit AG. The appointment becomes effective as of 1 April 2017. Ivo Huhmann will take over responsibility for finance, controlling, business processes/IT and legal/audit from Dr Claus-O. Zacharias (62), who will leave the Board of Management as planned in the coming year. Until his retirement after the 2017 Annual General Meeting, he will ensure a smooth transition of the tasks to Ivo Huhmann.

In doing so, the Supervisory Board has completed the prudent succession planning and the setting of the course for the future on the Board of Management. It was only in July of this year that the term of Thomas Radke (55) was extended by three years until 31 December 2019 as Chief Executive Officer (CEO). He heads marketing, sales, and human resources as well as the business divisions Soehnle, Herby and Birambeau. As of 1 November 2016, Ansgar Lengeling (50) was appointed to the Board of Management for operations. He is responsible for purchasing, production, logistics, research & development and quality.

"After the successful restructuring and the build-up of an orderly growth platform under the aegis of Dr Claus-O. Zacharias, Leifheit is with its strategy 'Leifheit 2020', initiated by Thomas Radke, very well on track and increasingly successful. With the new appointments of Ansgar Lengeling and Ivo Huhmann, we provide both continuity and further development at the top, ensuring continuous sustainable success. At the same time, we thank Dr Zacharias for his outstanding management of the board departments finance and operations throughout the recent eight years", says Helmut Zahn, Chairman of the Supervisory Board of Leifheit AG. "With Mr Huhmann, we are delighted to gain a proven financial expert for our company, who can build on the successful work of Dr Zacharias", continues Zahn.

Until recently, Ivo Huhmann was active as an entrepreneur. Prior to this, he was Managing Director of Stiebel Eltron from 2010 to 2015, where he was responsible for finance, human resources, IT, purchasing, legal and sales China. Prior to that, he held various financial management functions in Germany and the US from 1999 to 2010, most recently as Chief Financial Officer (CFO), GE Healthcare Germany. Ivo Huhmann completed an engineering degree at the TU Darmstadt and subsequently a MBA in Rotterdam.

"We are pleased to welcome Ivo Huhmann, a highly experienced colleague, who perfectly complements our board with his expertise and his many years of very diverse experience in different industries," says Thomas Radke, CEO of Leifheit AG.

About Leifheit

Leifheit AG, founded in 1959, is one of the leading European brand suppliers of household items. The company stands for high quality, innovative products with great utility and pioneering design in the sectors of cleaning, laundry care, kitchen goods and wellbeing. Leifheit and Soehnle are among the best-known brands in Germany. In addition to the Brand Business, Leifheit AG operates in the service-oriented Volume Business via its French subsidiaries Birambeau and Herby. The Leifheit Group and its international branches combined have around 1,000 employees. More information on Leifheit is available online at www.leifheit-group.com, www.leifheit.de, www.soehnle.de.

Contact:
Leifheit AG
D-56377 Nassau
ir@leifheit.com
+49 2604 977218