Dr. Michael Schneider appointed new CFO of NORMA Group
Maintal, Germany, 30 January 2015
Dr. Michael Schneider has many years of experience working in the areas of Finance and Controlling in the automotive, chemical and pharmaceutical industries. He joins NORMA Group from FTE automotive GmbH, a globally active supplier of hydraulic brake and clutch systems for the automotive industry. As its CFO, Dr. Schneider is responsible for all areas of Finance, but also Purchasing and IT. Previous to this position, he served as the CFO of the automotive industry supplier Veritas AG. Dr. Schneider began his professional career in 1988 with Hoechst AG (now Sanofi SA) and then joined Degussa AG (today EVONIK Industries AG) in 1993. From 1997 until 2000, he was responsible for the areas of Controlling and Accounting at Degussa Brasil in São Paulo. Dr. Schneider has a degree in business administration and received his PhD in the area of economic sciences from Justus Liebig University in Gießen.
“I am pleased to see Dr. Schneider appointed CFO of NORMA Group and I am certain that he will carry on with NORMA Group’s successful strategy together with his fellow Board members. Dr. Schneider has a great deal of knowledge of finance and has gained in-depth industry experience both in Germany and abroad,” says Dr. Stefan Wolf, Chairman of the Supervisory Board of NORMA Group.
Dr. Othmar Belker took office as CFO in 2006 and was responsible for setting up the international finance department at NORMA Group. He also played a lead role in preparing the company’s IPO in 2011 and in the refinancing measures that followed. “I would like to expressly thank Dr. Belker for his contribution to the success of NORMA Group SE these last few years. He was instrumental in preparing the successful IPO and in organizing Group financing,” Dr. Wolf says.
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