09/27/2018

HOMAG CEO Pekka Paasivaara to become fourth member of Dürr AG's Board of Management

Schopfloch, September 25, 2018 – The Dürr AG Supervisory Board has appointed Pekka Paasivaara (57), CEO of Dürr's subsidiary HOMAG Group AG, to be a member of the Dürr AG Board of Management with effect from January 1, 2019. He will perform this function in addition to his existing role. The Board of Management will thus increase from three to four members: Ralf W. Dieter (Chairman), Carlo Crosetto (CFO), Dr. Jochen Weyrauch and Pekka Paasivaara.

Karl-Heinz Streibich, Chairman of Dürr AG's Supervisory Board: "Pekka Paasivaara has a wealth of experience in automation technology and plant engineering. Under his leadership, HOMAG Group AG has become an essential pillar of the Dürr Group. His additional role on the Dürr AG Board of Management reflects the increasing importance of the Woodworking Machinery and Systems division."

Pekka Paasivaara's appointment to the Dürr Board of Management means that all three subgroups (Dürr, Schenck, HOMAG) are now represented on the Group's Board. He will also be responsible for the new Group-wide function "Operational Excellence", created to further promote efficient processes within the Dürr Group.

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