Gerry Weber in board reshuffle to boost profitability - Just Style
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Gerry Weber in board reshuffle to boost profitability

By Giacomo Lee 22 Feb 2018 (Last Updated April 12th, 2021 14:20)

German fashion house Gerry Weber has appointed a new management board, tasked with developing a performance programme to drive a "sustainable increase" in profitability at the firm.

German fashion house Gerry Weber has appointed a new management board, tasked with developing a performance programme to drive a “sustainable increase” in profitability at the firm.

In an announcement yesterday (21 February), the company said from 1 April, its managing board will again be composed of three members.

As a result, the firm has extended the appointment of Jörg Stüber as CFO and named Johannes Ehling as chief sales officer and digital sales officer, effective 1 April.

As long-serving head of finance of the Gerry Weber group, Stüber was appointed temporary CFO after the departure of Dr David Frink in November 2017. His contract will be renewed by another three years.

Ehling, who was originally been expected to join the board as of 1 September, has been appointed for three years. Prior to joining the company, he served as global head of sales at Escada-Sport.

Ralf Weber, CEO of Gerry Weber, said the appointments have resulted in a “very experienced and competent” managing board team.

“Together with all employees, we will lead Gerry Weber back to sustainable profitable growth and put all necessary measures into practice,” he adds.

As part of his role on the managing board, Weber will be responsible for corporate development, strategy, procurement and logistics as well as the Strategic Business Unit (SBU).

Stüber, meanwhile, is responsible for finance, controlling, central purchasing, compliance, investor relations and HR, while Ehling will assume responsibility for the national and international distribution channels, IT and the digital strategy of the Gerry Weber group as well as for the Hallhuber SBU.

The managing board projects group revenues of between EUR870m and EUR890m (US$1.07bn-$1.09bn) for the fiscal year 2017/18, and consolidated earnings before interest and taxes (EBIT reported) at between EUR10m and EUR20m.