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CFO-News: Eintracht Frankfurt, Brenntag, Hörmann
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Eintracht Frankfurt: CFO Oliver Frankenbach resigns

CFO resigns after just over a year

Oliver Frankenbach, CFO of Eintracht Frankfurt, has resigned from his position after just over a year. The club announced Frankenbach's resignation on Tuesday, July 26, 2023, and said that he will leave the club on July 31, 2023.

Frankenbach joined Eintracht Frankfurt in June 2022 from the German Football League (DFL), where he was responsible for finance and controlling. He was seen as a key figure in the club's financial turnaround, which saw Eintracht Frankfurt post a profit in the 2021/22 financial year for the first time in several years.

However, Frankenbach's departure comes at a time when Eintracht Frankfurt is facing financial challenges. The club is currently in the process of building a new stadium, which is expected to cost over €100 million. The club is also facing increased competition from other clubs in the Bundesliga, which is making it more difficult to attract and retain top players.

No concrete reasons for resignation

Eintracht Frankfurt did not give any concrete reasons for Frankenbach's resignation. However, it is believed that he may have been unhappy with the club's financial situation. It is also possible that he may have had disagreements with the club's management team.

Frankenbach's departure is a blow to Eintracht Frankfurt. He was a key figure in the club's financial turnaround, and his departure will leave a void in the club's management team. It remains to be seen who will replace Frankenbach as CFO, and what impact his departure will have on the club's financial situation.

Brenntag: CFO Ralph Schweens to leave the company

Ralph Schweens, CFO of Brenntag, will leave the company on September 30, 2023, after more than 12 years. The company announced Schweens' departure on Tuesday, July 26, 2023, and said that he will be succeeded by Kristin Neumann, who is currently Brenntag's Head of Group Controlling.

Schweens joined Brenntag in 2011 from the German chemical company BASF, where he was responsible for finance and controlling. He was appointed CFO of Brenntag in 2014.

During Schweens' tenure as CFO, Brenntag has grown significantly, both organically and through acquisitions. The company has also expanded its global reach, and now operates in over 70 countries.

Schweens' successor is Kristin Neumann

Kristin Neumann, who will succeed Schweens as CFO, has been with Brenntag since 2014. She has held a number of senior positions in the company, including Head of Group Controlling and Head of Corporate Development.

Neumann has a deep understanding of Brenntag's business and is well-qualified to lead the company's financial operations. She is also a strong advocate for sustainability, and is committed to helping Brenntag achieve its sustainability goals.

Brenntag is a leading global chemical distributor. The company offers a wide range of chemicals, including industrial chemicals, specialty chemicals, and plastics. Brenntag also provides a range of services, such as logistics, warehousing, and technical support.

Hörmann: CFO Joerg Beissel to retire

Joerg Beissel, CFO of Hörmann, will retire from the company on December 31, 2023, after more than 25 years. The company announced Beissel's retirement on Tuesday, July 26, 2023, and said that he will be succeeded by Thomas Toepfer, who is currently Hörmann's Head of Controlling.

Beissel joined Hörmann in 1997 from the German automotive supplier Bosch, where he was responsible for finance and controlling. He was appointed CFO of Hörmann in 2006.

During Beissel's tenure as CFO, Hörmann has grown significantly, both organically and through acquisitions. The company has also expanded its global reach, and now operates in over 40 countries.

Beissel's successor is Thomas Toepfer

Thomas Toepfer, who will succeed Beissel as CFO, has been with Hörmann since 2016. He has held a number of senior positions in the company, including Head of Controlling and Head of Corporate Development.

Toepfer has a deep understanding of Hörmann's business and is well-qualified to lead the company's financial operations. He is also a strong advocate for sustainability, and is committed to helping Hörmann achieve its sustainability goals.

Hörmann is a leading global manufacturer of doors and gates. The company offers a wide range of doors and gates, including industrial doors, commercial doors, and residential doors. Hörmann also provides a range of services, such as installation, maintenance, and repair.