DGAP-Information: VARTA AG: VARTA AG expands the board of administrators and extends the contract of CFO Armin Hessenberger | 07/29/22

DGAP-Information: Varta AG / Tag(s): Employees

VARTA AG: VARTA AG expands the board of administrators and extends the contract of CFO Armin Hessenberger

07/29/2022 / 10:00 a.m.
The issuer/writer is liable for the content material of the notification.

VARTA AG expands the board of administrators and expands CFO Armin Hessenberger contract

With the extension of Armin Hessenberger’s contract, the know-how group is banking on continuity. Markus Hackstein turns into new board member for battery system integration in e-mobility and vitality storage.

VARTA AG is paving the best way for the longer term. Armin Hessenberger (CFO), whose administration contract expires on the finish of September this 12 months, will probably be prolonged for 2 years till 2024.

Markus Hackstein will turn out to be a brand new member of the Administration Board efficient August 1, 2022. He can have total accountability for the V4Drive (E-Mobility), Power Storage Programs and Energy Pack Options divisions, making him the fourth member of the Board of Administrators alongside Armin Hessenberger (CFO), Rainer Hald (CTO) and Chairman of the Board Herbert Schein (CEO).

Michael Tojner, Chairman of the Supervisory Board of VARTA AG: The addition of Markus Hackstein to the Board of Administrators supplies a transparent route from administration on the quickly rising enterprise segments of vitality storage methods, i.e. i.e. vitality storage gadgets for personal households and industrial purposes, in addition to V4Drive, our high-performance lithium-ion options for electromobility. So as to have the ability to absolutely exploit the excessive development potential within the subject of electromobility for VARTA, we’re intensively investigating cooperation choices and conducting exploratory talks with potential companions. Our goal is a robust growth of this section.

Relating to the extension of the CFO’s contract, Tojner says: With the extension of our CFO Armin Hessenberger, the Supervisory Board takes under consideration the superb efficiency of the CFO. The extension of two extra years is an indication that VARTA AG is specializing in continuity within the implementation of future deliberate tasks.

Herbert Schein: The lithium-ion enterprise is the principle development driver for us. Along with electromobility, the longer term buoyant markets will notably be the vitality storage market. We need to broaden our place much more intensively in each areas. Particularly within the subject of vitality storage, we will play a number one function with our new, revolutionary high-voltage storage. Along with his experience within the subject of methods integration, Markus Hackstein is the best individual to cowl these future areas at board degree.

Markus Hackstein has efficiently held numerous administration positions inside the VARTA Group since 2018. Amongst different issues, he was liable for the profitable institution of the manufacturing website in Braov, Romania, in addition to the Options division and V4Drive.

Armin Hessenberger has been a member of the Board of Administrators of VARTA AG since 2020 and brings with him expertise from quite a few administration positions, particularly in controlling. He’s efficiently liable for the monetary agendas and has performed a key function within the Group’s development journey since his appointment in 2020.

Media contact:
Christian Kucznierz
Company Communications Supervisor
Phone: +49 79 61 921-2727
christian.kucznierz@varta-ag.com

About VARTA AG

VARTA AG produces and markets a full vary of batteries starting from micro batteries, family batteries, vitality storage methods to customer-specific battery options for quite a lot of purposes and, as a know-how chief, establishes trade requirements in essential areas. Because the dad or mum firm of the group, it’s energetic within the enterprise segments Lithium-Ion Options & Microbatteries and Dwelling Batteries.

The Lithium-ion and Microbattery Options section focuses on micro batteries, lithium-ion cash, lithium-ion spherical cells (massive lithium-ion cells) and lithium-ion batteries. By intensive analysis and improvement, VARTA units world requirements in lots of areas of lithium-ion and micro-battery know-how, making it a acknowledged innovation chief within the know-how’s essential development markets. lithium-ion and first batteries for listening to aids. The Dwelling Batteries section contains the enterprise of client batteries, together with residence batteries, rechargeable batteries, chargers, transportable energy (energy banks) and lights, and vitality storage.

The VARTA AG group at the moment employs round 4,700 folks. With 5 manufacturing and manufacturing websites in Europe and Asia in addition to gross sales facilities in Asia, Europe and america, the operational subsidiaries of VARTA AG are at the moment energetic in additional than 75 international locations worldwide.

07/29/2022 Publication of a Company Information/Monetary Information, transmitted by the DGAP – a service of EQS Group AG.
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