Thursday, September 30, 2021
Dr. Daniel Schmitt (51) will become the new CEO of HOMAG Group AG with effect from January 1, 2022. He will succeed Ralf W. Dieter (60), who is handing over both this role and his position as CEO of the parent company Dürr at the end of the year, following a successful career. Dr. Schmitt has been a member of HOMAG’s Board of Management since mid-2021. He is currently responsible, above all, for the solid-wood business of the world market leader in woodworking machinery. Prior to joining HOMAG, Dr. Schmitt, who holds a PhD in chemical engineering, oversaw the Dürr Group’s environmental technology segment.
Dr. Schmitt’s taking over as CEO is part of the long-term future planning for HOMAG. He stated: “The time I have spent with Ralf Dieter at the helm of HOMAG has given me a great head start. I have got to know HOMAG as a fascinating company with highly motivated employees, and I have had the opportunity for extensive dialog with the customers. Due to reintroducing the advantages of a medium-sized company and the huge investments we have initiated, HOMAG is on course for sustained, profitable growth. Furthermore, we have strengthened our position in the solid-wood business through acquisitions and can thus benefit from the worldwide trend toward sustainable construction using wood. I look forward to working with all employees and will lead HOMAG as a team player.”
Back in spring, HOMAG announced an investment program of over €100 million. This is earmarked for the expansion and modernization of the Schopfloch headquarters and other plants in Germany. In addition, HOMAG is building a new plant at the Polish site of Sroda. Extensive investments are also planned for China. In the medium term, HOMAG wants to increase its global market share from the current level of around 30% to around 40%.
Following the departure of Ralf W. Dieter, effective December 31, the Board of Management of HOMAG Group AG will consist of two members until further notice. Alongside Dr. Schmitt as the new CEO, Rainer Gausepohl (49) will continue to work as CFO.
Tags: CEO of the HOMAG Group, Dr. Daniel Schmitt, Homag group, Ralf W. Dieter
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