The Supervisory Board of Rheinmetall AG decided at its latest meeting to adapt the structure and composition of the Executive Board to its growing requirements. This year, the company will reach the threshold of around 10 billion euros in annual sales for the first time. In view of an order backlog that is expected to grow to around 60 billion euros by the end of the year, the company is preparing to generate annual sales of around 20 billion euros in just a few years, according to a recent press release.
“In order to achieve these goals, it is not only necessary to integrate numerous new production sites into the Group, which are being established as part of a consistently implemented internationalization strategy with high national industrial value creation in the commissioning nations, but also to effectively integrate the major global acquisitions of recent times into the Group’s operational structure,” says Rheinmetall. https://militaeraktuell.at/schweden-wie-sich-land-auf-krieg-vorbereitet/
This is to be made possible with a good mix of tried-and-tested employees and new personnel. Armin Papperger (61), who has been CEO of Rheinmetall since January 1, 2013, has been appointed Chairman of the Executive Board for a further five years as of January 1, 2025. The current contract will be extended accordingly. Dagmar Steinert (59), on the other hand, will leave the company, having agreed with the Supervisory Board “by mutual consent” to resign from her position as Chief Financial Officer (CFO) on December 31, 2024. Her successor will be Klaus Neumann (54), currently Head of Corporate Accounting at Rheinmetall AG, who has been with the Group for twelve years. In addition to the further development of financial reporting, Klaus Neumann will also tackle the continuation of the IT transformation, which the Supervisory Board believes is key to realizing growth opportunities.
René Gansauge (51), previously Head of the Weapon and Ammunition division, will also be appointed to the Executive Board as of January 1, 2025, taking on the newly created position of Chief Operation Officer (COO). In this role, René Gansauge, who has extensive operational management experience in both the military and civilian sectors from his 19 years at Rheinmetall, will drive forward the company-wide alignment, optimization and activation of production and organizational processes. Ursula Biernert (55), who was appointed this year as the new CHRO and Labor Director, completes the Executive Board and will continue to lay the personnel foundations for the growth path taken and manage the expansion of the global workforce with her team. https://militaeraktuell.at/bundesheer-fuehrt-vertrauensindex-an/ Ulrich Grillo, Chairman of the Supervisory Board of Rheinmetall AG: “With the measures and decisions taken, we are enabling the Executive Board of Rheinmetall AG to meet the major challenges of the coming years with confidence and in a good position. We are particularly pleased that we were able to win Armin Papperger for an extension of his contract. His assertive and agile leadership and knowledge of the Group, its customers and products creates continuity and appears to be essential in order to continue successfully pursuing the growth path we have embarked upon. We also consider it a good step for the company and its employees that with Klaus Neumann and René Gansauge we have been able to recruit such experienced managers from within the Group to lay the essential operational and organizational foundations for the transformation of the Group.”
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