Endress+Hauser, the global leader in measurement and automation technology, has revealed its top leadership changes set to take place at the beginning of 2024. Dr Klaus Endress, who has been instrumental in the company’s development for nearly 45 years, will step down as president of the Supervisory Board and will be succeeded by CEO Matthias Altendorf. The new CEO of the Group will be Dr Peter Selders, the current head of the centre of competence for level and pressure measurement technology. These changes are part of a long-term plan to ensure a smooth generational change within the shareholder family and to further strengthen the company’s position as a leading player in the industry.
The Endress+Hauser Group is set to undergo significant changes at the start of 2024, as announced previously. Dr Klaus Endress will relinquish his position as President of the Supervisory Board, with Matthias Altendorf succeeding him. Meanwhile, the present Head of the Center of Competence for Level and Pressure Measurement Technology, Dr Peter Selders, will take over as CEO of the Group, and Steven Endress, the Managing Director of Endress+Hauser UK, will join the Supervisory Board.
Dr Klaus Endress has been instrumental in shaping Endress+Hauser for almost 45 years, having joined the company in 1979. He took over as Group CEO in 1995 before handing over the reins to Matthias Altendorf in 2014 and assuming the role of President of the Supervisory Board. His influence on the company is evident even today, and he has worked to ensure a seamless generational change within the shareholder family.
Matthias Altendorf is expected to take on the role of President of the Supervisory Board on 1st January 2024, with his nomination set to be presented at the Annual General Meeting on 3rd April 2023. According to Klaus Endress, Altendorf is the right candidate for the position and embodies the culture and values of Endress+Hauser.
Dr. Peter Selders will be taking over as CEO, having joined the company in 2004 and served as the Head of Endress+Hauser Level+Pressure since 2019. Klaus Endress has stated that Selders has demonstrated his leadership skills, ability to grow organizations successfully, and commitment to the company’s culture.
The decision to make these changes was the result of extensive discussions between shareholders, the family, and the Supervisory Board. However, the family will continue to maintain a close relationship with the company, with two members on the Supervisory Board. Sandra Genge will continue in her role, and Steven Endress will join her on 1st January 2024.
Klaus Endress will no longer have an active role in the company, but he will remain the Chairman of the Family Council, which decides on all critical issues concerning the relationship between the family and the company. The family charter will continue to govern the shareholders’ interaction and their relationship with the company, and regular meetings and established institutions will foster solidarity and encourage participation from younger family members.
Dr. Dirk Mörmann will take over from Dr. Peter Selders as the Head of the Center of Competence for Level and Pressure Measurement Technology, while Iain Cropper will assume responsibility for Endress+Hauser UK as a member of the Board of Directors from 1st May 2023.
