Pfleiderer Group S.A. has appointed Thomas Schäbinger as President and CEO. Mr. Schäbinger succeeds Michael Wolff, Pfleiderer Group’s President and CEO, who does not wish to extend his contract which expires in December 2017 and who will therefore leave the Group. The changes are effective as of July 1, 2017.

Wooden Panels

Pfleiderer Group appoints Thomas Schäbinger as President and CEO

The Supervisory Board of Pfleiderer Group S.A. has appointed Thomas Schäbinger as President and CEO. Mr. Schäbinger succeeds Michael Wolff, Pfleiderer Group’s President and CEO, who does not wish to extend his contract which expires in December 2017 and who will therefore leave the Group. The changes are effective as of July 1, 2017.

Michael Wolff has been with the Group since 2004, firstly as CEO of the Western European segment and since 2013 as CEO of Pfleiderer Group. To lead the next stage of strategic development of the Pfleiderer Group, the Supervisory Board has selected Thomas Schäbinger. Michael Wolff will run the Company till end of June and will assist him in a smooth and successful transition.

Mr. Schäbinger has been working as CEO of Bundy Refrigeration Group, cooling technology provider since 2015. Between 1998 and 2014 he held several positions in Mondi Europe and International (formerly known as Frantschach) a packaging and paper group with global operations in more than 30 countries and 25,700 employees Previously, Mr. Schäbinger worked in various management positions including at Unilever and at Beiersdorf. He has hands on strategic and operative experience in international operations, sales and procurement based on Lean Six Sigma and Value Management approach.

The Pfleiderer Grajewo Group is a leading European manufacturer of wood-based products, specializing in the production of materials in the furniture industry, the interior industry and construction.