VIENNA—Semperit A.G. Holding extended the management board mandate of Chief Financial Officer Frank Gumbinger until June 30, 2022.
The extension, implemented as Semperit continues its restructuring efforts, ensures continuation of fundamental projects for the modernization and optimization of Gumbinger's responsibilities as a member of the management board, Christoph Kollatz, chairman of the supervisory board, said in a Semperit news release.
Gumbinger took over the CFO role in December 2016, with his original appointment scheduled to expire Dec. 31, 2019.
In February 2018, Semperit, which previously had begun a restructuring of its Sempermed unit, expanded those efforts to include the Sempertrans and Semperform operations. The restructuring process, expected to conclude in 2020, focuses on four measures:
- Creation of more efficient operational production and procurement processes;
- Improvement of pricing and price-setting processes;
- Reviewing and determining if changes within the business portfolios are needed and if adaptations within the production sites are necessary; and
- Stabilization and sustainable improvement of operational earnings.
Sempertrans produces conveyor belts used in everything from mining to heavy industry. Semperform makes construction and industry profiles, handrails, ropeways and rubber foils among a variety of rubber products. Sempermed manufactures medical goods, including rubber gloves.
Based in Vienna, Semperit employs about 6,900, with 14 manufacturing facilities.