Kit media
Changes will take place at the head of the Endress+Hauser Group at the beginning of 2024. As previously announced, Dr. Klaus Endress will step down as Chairman of the Supervisory Board. He will be replaced by the current CEO Matthias Altendorf. The new CEO of the Group will be Dr. Peter Selders, current Managing Director of the Competence Center for Level and Pressure Measurement. Steven Endress, currently managing director of Endress+Hauser UK, will become the second family member to sit on the Supervisory Board.
Klaus Endress (born in 1948) has left his mark on the development of Endress+Hauser for almost 45 years. In 1979, he joined the company founded by his father. He then took over the management of the group in 1995. In 2014, he handed over the day-to-day management of the company to Matthias Altendorf and became Chairman of the Supervisory Board. He has largely shaped the current structure of the company. In recent years, he has also focused on ensuring a smooth generational change within the shareholder family.
A new direction for the group
Matthias Altendorf is expected to take over as Chairman of the Supervisory Board on 1 January 2024. He will be proposed for election at the Annual General Meeting on April 3, 2023. According to Klaus Endress, the shareholders believe that he is the right person for the job: " He has known our company for 35 years and has led the group prudently and successfully for almost a decade. Mr. Altendorf also embodies the Endress+Hauser culture in an exemplary manner and upholds the values that distinguish our company. »
Dr. Peter Selders will take over the reins of the group as CEO from 2024. The 53-year-old executive with a PhD in physics joined Endress+Hauser in 2004 and has been head of the competence center for level and pressure measurement in Maulburg, Germany, since 2019. " As head of Endress+Hauser Level+Pressure, he has demonstrated that he can lead and inspire people, that he lives and breathes our culture, and that he is able to successfully grow a great organization," says Endress .
The family remains closely linked to the company
These decisions were made after careful consideration and lengthy discussions between shareholders, the family and the Supervisory Board. " It goes without saying that the family will remain closely linked to the company," says Endress. As before, it will be represented by two members on the Supervisory Board. In addition to Sandra Genge, Steven Endress will join the Board on January 1, 2024. The 44-year-old grandson of the company founder has worked for Endress+Hauser since 2012 and has been Managing Director in the UK since 2016.
Although Klaus Endress will no longer have an active role at Endress+Hauser, he will remain Chairman of the Family Council, which decides on all important issues in the relationship between family and company. For years, a family charter has governed the interaction of shareholders and their relationship with the company. Established institutions and regular meetings strengthen solidarity within the family and offer members of the younger generations the opportunity to get involved in the company.
Other succession arrangements are in place
Dr. Dirk Mörmann, 49, currently Director of Technology and member of the Executive Board, will succeed Peter Selders as Head of the Competence Center for Level and Pressure Measurement. The destiny of Endress+Hauser UK will be in the hands of wool Cropper (51) from 1 May 2023. As a member of the Executive Committee, he is currently Associate Director, Sales Process Operations.
