Gerry Weber announces changes to its managing board

The supervisory board of Gerry Weber International AG has announced the company’s future managing board structure. Effective April 1, 2018, the company said that Gerry Weber’s managing board will again be composed of three members - Johannes Ehling will join as Chief Sales Officer and Chief Digital Officer for three years, Jörg Stüber will continue to serve as Chief Financial Officer on the managing board chaired by CEO Ralf Weber.

The company added that as long-serving head of finance of the Gerry Weber Group, Stüber was appointed temporary CFO after the departure of Dr. David Frink in November 2017. However, his contract will be renewed by another three years effective April 1, 2018.

Chief Executive Officer Weber will be responsible for corporate development, strategy, procurement and logistics as well as the strategic business unit (SBU) Gerry Weber/talkabout and the SBU Taifun/Samoon. CFO Stüber will be responsible for finance, controlling, central purchasing, compliance, investor relations and HR and Ehling in his position as chief sales and chief digital officer, will assume responsibility for the national and international distribution channels, IT and the digital strategy of the Gerry Weber Group as well as for the HallHuber SBU.

The managing board has projected group revenues to reach between 870 million euros (1,068 million dollars) and 890 million euros (1,092 million dollars) for the fiscal year 2017/18 and assumes that the implementation of the measures yet to be developed and the ongoing modernisation of the brands will lead to further extraordinary effects in FY 2017/18. Consequently, consolidated EBIT reported are expected to come in at between 10 million euros (12 million dollars) and 20 million euros (24.5 million dollars).



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