Walter Wirz, Chairman of the Board and CEO, is cutting back.
When he reaches the age of 65 in September 2020, Walter Wirz, Chairman of the Board and CEO, will reduce his workload. From now on, he will concentrate on strategic management.
Andreas Wirz will assume operational responsibility on behalf of the company.
The company succession was carefully and on a long-term basis planned and should have been completed by the end of March 2020.
With the outbreak of the COVID-19 pandemic we had to ask ourselves whether a company should be handed over in such a difficult time.
A company succession in times of Corona combines an already great internal challenge with the economic consequences of the pandemic that are difficult to assess.
We decided to postpone the handover of the business until the situation has normalized.
We are trying to use the crisis as an opportunity to evaluate new products, markets and customer segments in order to strengthen the competitive position of the company in the long term.
Digitization will be a key element in meeting future requirements.