Rainer Schulz has taken over as CEO of the Rehau group and his predecessor Wolfgang Faber has been appointed to the supervisory board of the group.
With effect from April 1, Rainer Schultz began his new job at the heating firm. The former deputy CEO has been with the company since 2001, holding the position of a chief operations officer.
At the start of April, Wolfgang Faber took up his post on the supervisory board, which sets the strategic course for the global development of the group.
With the departure of Faber, the group executive board is reorganizing itself. It will be made up of its chairman, Rainer Schulz, deputy chairman Jörg Neukirchner, Dr. Stefan Girschik, Thomas Krausch and Jürgen Werner.
Having spent nearly 40 years at the company, Faber, who first joined the firm as assistant to the personnel division manager in 1971, became chairman of the board in March 2000. He became CEO in 2007.
A spokeman for Rehau said: 'Wolfgang Faber has done a great deal in shaping the progress of REHAU, a family business with headquarters in Rehau, Bavaria. In key positions, he fostered the company's continuous growth at international level. In difficult economic periods, in particular, he always proved himself a man of vision, assertive and never afraid to take decisions. REHAU wishes to go on benefitting from his decades of experience and expertise'.