The Rehau Group is setting up Rehau Automotive and Rehau Industries as separate companies within the Group, dividing the company currently known as Rehau AG + Co. Together with Raumedic and Meraxis, as well as the recently founded innovation unit New Ventures, these will form the pillars of the Rehau Group in the future.
At the same time, after more than 20 years at the helm of the Rehau Supervisory Board, Jobst Wagner will hand over the office of president to his brother, Veit Wagner, on July 1, and take on his brother’s current role as vice president.
"Over the past over 20 years, my brother and I have steadily developed the Rehau Group and consistently set the course for a strong, globally active group of companies," says Jobst Wagner. "At the core has always been our unmistakable culture, which has, from the very beginning, distinguished us as an independent family business that prioritizes innovation, entrepreneurial freedom and customer proximity. Above all, however, our focus is on our employees, with whom we are continuing this successful path."
Veit Wagner says, "As a modern family business, we rely on change to lead the Group into a sustainably successful future. In particular, we want to make our divisions even more targeted and powerful.”
The Automotive Division and the other divisions differ from each other in terms of business model, customer structure and internal organization. The previous Automotive division will therefore become an independent company under the name Rehau Automotive.
The new company Rehau Industries will form the common umbrella for the other divisions of Rehau: Building Solutions, Window Solutions, Furniture Solutions and Industrial Solutions. It will also house the cross-divisional services units. Rehau Industries will continue to be led by CEO William Christensen.
The transition to the new structure is expected to be completed in the first half of 2022. The new management bodies will start their work on July 1. All employment contracts, contract contents as well as creditable seniority will remain unchanged for Rehau employees.
