Leoni has changed the structure of its board of directors, effective 1 June.

Last year the supplier started to establish its two divisions on a more standalone basis as well as to make its holding company leaner and to gear it to the capital market as well as compliance-related areas.

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The Group’s senior management body will consequently also be realigned effective 1 June.

The board of directors’ new composition:

  • As CEO of Leoni, Aldo Kamper will be in charge of the Group’s operational management and strategic direction. The Corporate Communications & Investor Relations, Corporate Human Resources Management, Corporate Legal and Corporate Strategy departments will be assigned to his remit. At the same time, Kamper will continue to head the Wiring Systems Division (WSD) as divisional CEO
  • As CFO, Ingrid Jägering is and will be responsible for the Group’s financial management. In addition, she will assume the position of labour director. The Corporate Accounting, Corporate Controlling, Corporate Ethics, Risk & Compliance, Corporate Finance & Treasury, Corporate Information Technology, Corporate Internal Audit and Corporate Taxes departments will be assigned to her remit
  • Hans-Joachim Ziems will continue in his function as Chief Restructuring Officer (CRO) to be in charge of implementing and coordinating ongoing restructuring measures

Martin Stüttem will remain in charge of the WSD’s operational matters as its COO and will be leaving the Group’s board of directors effective 1 June. By mutual agreement, his contract due to expire on 31 December, 2020 will not be extended.

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Bruno Fankhauser will also be leaving the Group’s board of directors on 1 June and will manage the Wire & Cable Solutions (WCS) division as its CEO. Management of both divisions, which are meanwhile set up on a standalone basis, will in future report to the Group’s board of directors.

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“The new structure of Leoni’s board of directors reflects the scope of the Group holding company’s remits and responsibilities and will simultaneously boost the management capacity of both divisions,” said Leoni chairman, Klaus Probst.

“To master the tasks before us, we have adjusted the board of directors to ensure, on the one hand, our ongoing restructuring can be resolutely applied and, on the other, that Leoni is entrepreneurially able to realise strategic growth opportunities.”