The Supervisory Board of Semperit AG Holding has extended Gerfried Eder's term on the Executive Board ahead of schedule for a period of three years until June 30, 2029. Eder, who has been with the company since 2000, has served as Chief Industrial Officer since July 1, 2023, overseeing the Industrial Applications division that includes hydraulic and industrial hoses and profiles. Cord Prinzhorn, Chairman of the Supervisory Board, stated that Eder has been "a guarantor of outstanding performance for 25 years" and credited his focus on efficiency and sales excellence with contributing significantly to the company's development.
Prinzhorn emphasized that the contract extension represents "a sign of continuity and the ongoing strong focus on the sustainable expansion of our market position." This decision comes as Semperit operates internationally through its two divisions, Semperit Industrial Applications and Semperit Engineered Applications, serving industrial customers in over 100 countries. The company, founded in 1824 and headquartered in Vienna, employs approximately 4,000 people worldwide across 16 production sites and numerous sales offices.
Eder's responsibilities extend beyond the SIA division to include commercial excellence, research and development, supply chain management, procurement, occupational safety, environmental compliance, and quality assurance. In his statement, Eder highlighted that "lean processes and a high level of innovation power form the solid foundation of our business," adding that the company aims to "continue to expand our cost leadership, technological strength, and customer focus to benefit disproportionately from positive market trends."
The Executive Board of Semperit AG Holding consists of three members: Manfred Stanek as CEO, Helmut Sorger as CFO, and Gerfried Eder as CIO. Semperit's Industrial Applications division focuses on industrial applications involving large-scale production, while the Engineered Applications division produces specialized products including escalator handrails, conveyor belts, and cable car rings. In the 2024 financial year, the Group reported revenue of EUR 676.6 million and EBITDA of EUR 84.9 million. Additional information about the company's operations and financial performance can be found at https://www.newmediawire.com.
This contract extension matters because it signals stability in leadership during a period of global industrial transformation. With Eder's proven track record of driving efficiency and sales excellence, the early renewal suggests confidence in his ability to navigate market challenges and capitalize on growth opportunities. The emphasis on lean processes, innovation, and cost leadership indicates Semperit's strategic positioning to maintain competitiveness in industrial markets. For a company with nearly two centuries of history, maintaining experienced leadership provides continuity in corporate culture and strategic direction, which is particularly valuable as industrial sectors face technological disruption and shifting supply chain dynamics.
The implications extend to Semperit's approximately 4,000 employees worldwide and its industrial customers across more than 100 countries. Consistent leadership in research and development, supply chain management, and quality assurance ensures product reliability and innovation continuity. As industrial companies increasingly prioritize sustainability and operational efficiency, Eder's oversight of environmental compliance and occupational safety becomes increasingly significant. The contract extension also reinforces investor confidence by demonstrating board-level commitment to proven leadership during a period when the company reported EUR 676.6 million in revenue and EUR 84.9 million in EBITDA for 2024.
