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Generational change

23. February 2023
in News
Generational change

Dr Klaus Endress to leave the Super­vi­so­ry Board by the end of the year; Matthias Altendorf named as suc­ces­sor; Dr Peter Selders will become CEO

Changes will take place at the top of the Endress+Hauser Group at the begin­ning of 2024. As pre­vi­ous­ly announced, Dr Klaus Endress will give up his respon­si­bil­i­ties as pres­i­dent of the Super­vi­so­ry Board. He is to be suc­ceed­ed by CEO Matthias Altendorf. The new CEO of the Group will be Dr Peter Selders, the present head of the cen­ter of com­pe­tence for lev­el and pres­sure mea­sure­ment tech­nol­o­gy. Steven Endress, cur­rent­ly man­ag­ing direc­tor of Endress+Hauser UK, will become the sec­ond mem­ber of the fam­i­ly to sit on the Super­vi­so­ry Board.

Klaus Endress (born 1948) has put his stamp on the devel­op­ment of Endress+Hauser for near­ly 45 years. It was in 1979 that he joined the com­pa­ny his father found­ed. He then took over the man­age­ment of the Group in 1995. In 2014, he hand­ed over day-to-day oper­a­tion of the com­pa­ny to Matthias Altendorf and became pres­i­dent of the Super­vi­so­ry Board. Much of the com­pa­ny bears his sig­na­ture to this day. He also focused in recent years on ensur­ing a smooth gen­er­a­tional change with­in the share­hold­er family.

 

New man­age­ment for the group of companies

Matthias Altendorf is slat­ed to take over as pres­i­dent of the Super­vi­so­ry Board on 1 Jan­u­ary 2024. He will be pro­posed for elec­tion at the Annu­al Gen­er­al Meet­ing on 3 April 2023. Accord­ing to Klaus Endress, the share­hold­ers believe he is right per­son for this posi­tion: “He has known our com­pa­ny for 35 years and has led the Group with pru­dence and suc­cess for near­ly a decade. Mr Altendorf also embod­ies the Endress+Hauser cul­ture in an exem­plary man­ner and stands for the val­ues that dis­tin­guish our company.”

Dr Peter Selders will take over the reins as CEO. The 53-year-old exec­u­tive, who holds a PhD in physics, joined Endress+Hauser in 2004 and has led the cen­ter of com­pe­tence for lev­el and pres­sure mea­sure­ment tech­nol­o­gy based in Maulburg, Ger­many, since 2019. “As head of Endress+Hauser Level+Pressure, he has demon­strat­ed that he can lead and inspire peo­ple, that he lives and breathes our cul­ture and that he is capa­ble of suc­cess­ful­ly grow­ing a large orga­ni­za­tion,” says Klaus Endress.

 

Fam­i­ly remains close­ly linked to the company

Con­sid­er­able thought and exten­sive dis­cus­sions among the share­hold­ers, the fam­i­ly and the Super­vi­so­ry Board went into mak­ing these deci­sions. “It goes with­out say­ing that the fam­i­ly will con­tin­ue to be close­ly con­nect­ed with the com­pa­ny,” empha­sizes Klaus Endress. As before, it will be rep­re­sent­ed by two mem­bers on the Super­vi­so­ry Board. In addi­tion to San­dra Genge, Steven Endress will join the board on 1 Jan­u­ary 2024. The 44-year-old grand­son of the company’s founder has worked for Endress+Hauser since 2012 and served as man­ag­ing direc­tor in the UK since 2016.

Even though Klaus Endress will no longer have an active role at Endress+Hauser, he will remain chair­man of the Fam­i­ly Coun­cil, which decides on all impor­tant issues in the rela­tion­ship between the fam­i­ly and the com­pa­ny. For years, a fam­i­ly char­ter has gov­erned the share­hold­ers’ inter­ac­tion and their rela­tion­ship with the com­pa­ny. Estab­lished insti­tu­tions and reg­u­lar meet­ings strength­en sol­i­dar­i­ty with­in the fam­i­ly and pro­vide a path for mem­bers of the younger gen­er­a­tions to become involved in the company.

 

Fur­ther suc­ces­sion arrange­ments in place

Peter Selders will be suc­ceed­ed at the top of the cen­ter of com­pe­tence for lev­el and pres­sure mea­sure­ment tech­nol­o­gy by 49-year-old Dr Dirk Mör­mann, cur­rent­ly direc­tor of tech­nol­o­gy and mem­ber of the board of direc­tors. The for­tunes of Endress+Hauser UK will be in the hands of Iain Crop­per (51) as of 1 May 2023. As a mem­ber of the board of direc­tors, to date he has been respon­si­ble for the sales center’s operations.

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