Succession Arrangement with experienced Senior Manager in the Executive CommitteeJune 26, 2018 - Ad hoc announcement pursuant to Art. 53 LR
The Board of Directors has appointed Dr. Frank Hilgers as the future manager of the business units in the northern and eastern European economic area. As of May 1, 2019, the 52-year-old will take over this area of responsibility from Dr. Daniel Bossard; in addition to his previous group-wide responsibility for the category management.
Dr. Frank Hilgers is currently responsible for the global category management and with this for the distribution brands of high-quality fastening solutions. He has been running this growth area very successfully for 6 years, since 2015 as a member of the executive committee. On May 1, 2019, he will additionally take on the responsibility for the core markets of Germany, Scandinavia, Poland and other eastern European growth markets from Dr. Daniel Bossard, who for his part from this date takes over operative management of the Bossard Group from CEO David Dean (see press release of January 29, 2018).
In line with the long-term orientation of the Bossard Group the Board of Directors has decided early on and concluded the succession arrangements that have been made necessary by the planned retirement of longstanding CEO David Dean. The personnel decisions of the Board of Directors stand for continuity and ensure the continuation of the strategy of sustainably profitable growth of the Bossard Group with two internally proven and internationally experienced members of the executive committee.
"Dr. Frank Hilgers has an impressive track record. With his many years of industry and market experience he is the ideal person to drive growth in existing markets via innovative new technologies and services and in market niches," according to Chairman of the Board Dr. Thomas Schmuckli.