VILLEROY & BOCH AG (FRA:VIB3) EQS-Adhoc: Villeroy & Boch AG: Reorganisation of the responsibilities of the Management Board

Transparency directive : regulatory news

04/07/2024 10:17

EQS-Ad-hoc: Villeroy & Boch AG / Key word(s): Personnel
Villeroy & Boch AG: Reorganisation of the responsibilities of the Management Board

04-Jul-2024 / 10:17 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Today, the Supervisory Board of Villeroy & Boch AG resolved a structural reorganisation of the Management Board responsibilities and a corresponding change in the Group organisation with effect from 1 August 2024.

As part of the new allocation of responsibilities, the current Bathroom & Wellness division will be merged with Ideal Standard and divided into the three functional areas of Operations, Sales and Marketing/R&D/Product Management. The Operations area will be assigned to a new Management Board function "Chief Operations Officer Bathroom & Wellness" (COO B&W); "Purchasing" and "ESG" will be assigned to this Management Board function. The new COO B&W function will be assumed by the current member of the Management Board (Bathroom & Wellness), Mr. Georg Lörz.

Furthermore, the positions of Executive Vice President Marketing/R&D/Product Management and Executive Vice President Sales Bath & Wellness will be established below the Management Board and assigned to the Chairwoman of the Management Board (CEO). Mr. Jan Peter Tewes, currently Managing Director of Ideal Standard, will assume the position of Executive Vice President Sales Bath & Wellness; the next step will be to fill the EVP Marketing position.

End of Inside Information

04-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:	English
Company:	Villeroy & Boch AG
	Saaruferstraße 1-3
	66693 Mettlach
	Germany
Phone:	+49 (0)6864 81-0
E-mail:	information@villeroy-boch.com
Internet:	www.villeroy-boch.de
ISIN:	DE0007657231, DE0007657207
WKN:	765723
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1939803


End of Announcement	EQS News Service

1939803 04-Jul-2024 CET/CEST

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VILLEROY & BOCH AG (FRA:VIB3) EQS-Adhoc: Villeroy & Boch AG: Reorganisation of the responsibilities of the Management Board

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