Knauf announces steps for the future management of the group
Knauf will realise a turnover of € 5.5 billion with 22,000 employees in over 40 countries and in more than 150 production facilities.
The company produces construction materials for drywall construction, Knauf plasterboard, mineral fibre acoustic board, dry mortar with gypsum for internal plaster and cement-based external plaster.
The production of insulating materials on the basis of glass wool and mineral wool becomes more and more important. For about 30 years, the company has gained experience in the production of glass wool in North America. Within the last 5 years, Knauf has acquired 10 glass wool and mineral wool factories throughtout Europe and additionally built new plants in Eastern Europe and Russia.
This year, approximately € 800 million will be invested in the construction of modern production sites for the fabrication of drywall and insulating materials.
During the past years all Knauf plants in Germany have been modernised for more than € 400 million. The Iphofen site has been built completely new. Old production sites have been largely dismantled.
For the coming year, Knauf expects a healthy demand for all construction materials marketed by the group. We are very confident that neither the American mortgage crises nor regional declines in the construction volume can limit our growth.
In the 2007 Christmas speech given in Iphofen, Messrs Nikolaus and Baldwin Knauf have announced steps for the future management of the group.
Mr. Hans-Peter Ingenillem will become a general partner. He has been responsible for the finances in our company for more than 16 years. In the future, he will be chief financial officer of the Knauf Group.
Mr. Manfred Grundke will - as general partner - take responsibility for production, sales, technology and development. He will be the chairman of the board of management and chief executive officer of the Knauf Group.
Mr. Grundke is the CEO of Bosch-Rexroth, a company with a turnover of more than € 5 billion, over 30,000 employees worldwide. 52 year-old Mr. Gundke is a mechanical engineer by profession and has been with the company run by him for more than 20 years.
Messrs Nikolaus and Baldwin Knauf will, after 40 years, retire in their functions as managing partners of the company on 30 June next year.
In order to accompany the continuity of the company in the following years, Mr. Nikolaus Knauf and Mr. Baldwin Knauf will take turns in assuming the responsibility as chairman and deputy chairman of the shareholders' committee for the next 4 years. Mr. Hubertus Benteler - CEO of Benteler Stahl, Paderborn, a company with a turnover of over € 6 billion in 35 countries and a workforce of 20,000 - acts as a further independent member of the shareholders' committee.
Download the official announcement (775 KB)
| 19/12/2007 - | Knauf announces steps for the future management of the group |
|---|---|
| 05/12/2007 - | Hock takes over Heraflax® production line |
| 11/07/2007 - | A new glass wool factory for Knauf Insulation in Lannemezan |
| 27/06/2007 - | New campaign : « It’s Time to Save Energy ! » |
