BayWa AG: Frank Hiller new CEO, Matthias J. Rapp new CFO

The Supervisory Board of BayWa AG has approved the appointment of Dr. Frank Hiller as Chief Executive Officer (CEO) and Prof. Dr. Matthias J. Rapp as Chief Financial Officer (CFO). Both will be appointed to the Board of Management as of March 1, 2025.Gregor Scheller, Chairman of the Supervisory Board, said: “BayWa is undergoing the greatest transformation in its history. The company needs to become sustainably more robust and profitable, and to do so it is focusing on its core business areas. We are therefore delighted to welcome the two new members of the Board of Management, who identify strongly with these goals. Dr. Frank Hiller has an impressive track record and extensive experience in managing various companies in difficult times. Above all, however, he is a manager who puts the customer first. We on the Supervisory Board are convinced that he will shape the strategic development of the company along the defined guidelines and successfully implement the associated ideas. The management team will thus lead BayWa into a solid and successful future. Prof. Dr. Matthias J. Rapp has extensive expertise in financial management. He has proven time and again that he can successfully lead companies through difficult financial challenges and has strong communication skills. Both gentlemen have assured the Supervisory Board that it is their personal goal to lead BayWa back to success for the benefit of our customers, suppliers and employees.”Dr. Frank Hiller stated: “I am very excited to be coming on board at this time. We are facing a fundamental transformation that has been triggered by major financial challenges. BayWa is firmly rooted in agriculture and has always enjoyed an excellent reputation among its customers. Our top priority will be to restore BayWa's good name in the market. I will do everything in my power to lead the company back to its usual stability and commitment. This is what our customers, our shareholders and our employees expect.”Prof. Dr. Matthias J. Rapp stated: “I firmly believe that together we have the strength and potential to make BayWa more solid and profitable again. It will not be easy, but with determination, transparency and cooperation, we will successfully master this transformation.”About Dr. Frank HillerHiller was CEO of Big Dutchman, the market leader in feeding systems and housing systems, until 2024. Prior to that, he was CEO of the listed Deutz AG in Cologne for five years. Dr. Hiller has held various other board positions at Leoni, MAN Truck & Bus, Meiler and Thyssen-Krupp and successfully implemented a number of strategic transformation programs. Hiller is an engineer and studied mechanical engineering at the University of Kaiserslautern.About Prof. Dr. Matthias J. RappRapp was responsible for finance and controlling at TÜV SÜD until 2024. He began his professional career at the Boston Consulting Group. In 1997, he moved into industry and has since served as CFO at several companies, including automotive supplier Webasto. In the summer of 2021, Rapp was also appointed as an honorary professor by Ludwig Maximilian University of Munich (LMU). Rapp studied business administration at WHU Koblenz, among other places. Weiter zum vollständigen Artikel bei BayWa AG (vink. NA) Weiter zum vollständigen Artikel bei BayWa AG (vink. NA)