Reorganization of the management board of HOMAG Group AG
The reorganization was necessary because Dr. Joachim Brenk, the current CEO of HOMAG Group AG and responsible within the management board for sales, service and marketing, is leaving the company of his own volition at the end of the year to take on a new position. In connection with this change, the supervisory board expressly thanked Dr. Brenk for his work and his special contribution to the further development of the HOMAG Group.
Filling both positions - CEO and Head of Sales - internally will ensure continuity in the management of the HOMAG Group. This will be supported by the handover by Dr. Brenk who will be available to the company until year-end.
About Homag Group AG
With its 16 production companies worldwide, 22 group-owned sales and service companies and approximately 60 exclusive sales partners, HOMAG Group AG's market position is excellent and its portfolio as a comprehensive system supplier and technology partner makes it unique.
Backed by a workforce of some 5,000 employees, the Company sees itself as the leading global manufacturer for plant and machinery for the woodworking industry for the production of furniture and construction elements as well as prefabricated houses. The group also offers its customers a wide range of services in related areas for production machines and equipment. HOMAG Group AG shares have been trading on the Prime Standard of the Frankfurt Stock Exchange since July 13, 2007 and were listed on the SDAX of the German Stock Exchange on October 2007.