”I will not renew my contract”: (future) change at the top for Homag Group

“For personal reasons, I intend not to extend the management board service contracts I have concluded with Homag Group AG (term until June 30, 2023) and Dürr AG (term until December 31, 2021) beyond the agreed term”. Obligatory change at the top for Homag: Pekka Paasivaara, current CEO of the group, has decided not to renew the contract that binds him to the German group beyond 2023, thus starting a series of changes at the helm of Homag.

What will the German giant do now? “My role as CEO of Homag Group AG and CEO of Dürr AG is currently unchanged”, said Paasivaara, but doubts about the future have not yet been dispelled and Homag’s supervisory board has not yet taken decisions. on who will be chosen as his successor. An internal or external substitute for the industry? We will see it “in due course”.