BAAR, Switzerland—Forbo Group has announced the appointment of Michael Schumacher as CEO and chairman of the executive board, effective this coming September.
He replaces Stephan Bauer, who will take up non-executive tasks after eight years as CEO of the group.
Schumacher has extensive international experience in industrial companies in the building industry, according to the Swiss-based manufacturer of floor coverings, adhesives, power transmission systems and conveyor belts.
Most recently, Schumacher worked for 10 years at Saint-Gobain, where he was first CEO of Sanitas Troesch and then CEO of building distribution in Germany. He currently is CEO of Saint-Gobain Switzerland.
He previously worked for six years at Geberit as head of group marketing and was active in China with responsibility for Asia-Pacific. After completing his degree in materials engineering at the ETH in Zurich, he worked for McKinsey for 10 years and took his MBA at INSEAD.