news New CEO Hansgrohe

Siegfried Gänßlen new CEO of Hansgrohe

In accordance with a resolution adopted yesterday at the Annual General Meeting of Hansgrohe AG, the long-standing Chief Financial Officer Siegfried Gänßlen (62) was appointed the new Chairman of the Management Board of the bathroom and sanitary specialist headquartered in Schiltach. With effect from today he will be the successor to Mr. Klaus Grohe (71) who, after 33 years at the helm of the company, will become Chairman of the Supervisory Board.

In a letter to the employees, Hansgrohe’s new CEO stated, “I am well aware of the fact that my new function constitutes both an obligation and a challenge, namely the obligation to keep the Company on its successful growth track in the future, as Hansgrohe has managed to accomplish over the past several years thanks to the terrific performance and concerted action of a highly motivated and dedicated team.” According to Gänßlen, who hails from Stuttgart, his principal task will be firstly to further enhance the Company’s global competitiveness through continuous innovations in products and processes to generate future profitable growth. Secondly, Hansgrohe’s CEO is counting on an accelerated internationalization of market coverage to open up additional growth potential for this bathroom fixtures and shower manufacturer.

Siegfried Gänßlen, a trained industrial manager and graduate in business administration, always considered it important to acquire the widest possible range of experience and professional background. This has resulted in a correspondingly broad range of tasks, functions and responsibilities assumed by him in the course of his career in quite different sectors. After various managerial positions with the Ludwigsburg-based company Karl-Friedrich Rothe, Price Waterhouse in Frankfurt, the Cooper Group (Besigheim), Karl Dungs GmbH & Co. KG (Urbach) and Hydraulik Ring GmbH in Nürtingen, his understanding of management and actions were therefore characterized by a relatively generalist approach when he joined Hansgrohe as Managing Director in 1994. Here, he has been responsible for Controlling, Finances, IT and Human Resources as well as the U.S. market and Emerging Markets ever since. When the Company was converted into a non-listed public limited company (AG), Siegfried Gänßlen assumed the functions of Deputy Chairman of the Management Board and Chief Financial Officer at Hansgrohe AG in 1999.

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