Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

HORNBACH BAUMARKT AG

(HBM)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Composition of Board of Management: Hornbach builds on healthy mix of continuity and change in its boardroom

12/20/2020 | 01:15pm EDT

2020 Composition of Board of Management: Hornbach builds on healthy mix of continuity and change in its boardroom

Bornheim bei Landau/Pfalz, December 18, 2020.

At their final meetings before the turn of the year 2020/21, the Supervisory Boards of Hornbach Baumarkt AG and Hornbach Management AG have once again laid key foundations for the further successful strategic development of the Group. By extending the contracts with two members of the respective Boards of Management, Albrecht Hornbach and Susanne Jäger, the Supervisory Boards are basing the Hornbach Group's management on a healthy mix of continuity and change.

The Supervisory Board of Hornbach Baumarkt AG extended the appointment of Susanne Jäger (55) as a member of the Board of Management beyond November 30, 2021 for a further five years through to November 30, 2026. Within the Board of Management, she has been responsible for the product range, private labels, procurement, quality assurance, and store development since 2006.

The appointment of Albrecht Hornbach (66) as a member and Chairman of the Board of Management of Hornbach Management AG was also extended by that company's Supervisory Board for a further five years through to October 31, 2026. Albrecht Hornbach was first appointed as Chairman of the Board of Management of what was then Hornbach Holding AG in November 2001. Following the change in legal form to Hornbach Holding AG & Co. KGaA, he assumed the Chairmanship of the Board of Management of Hornbach Management AG, the general partner of the KGaA, in October 2015. He is responsible for the following divisions: DIY stores and garden centers (Hornbach Baumarkt AG), builders' merchants (Hornbach Baustoff Union GmbH), and real estate (Hornbach Immobilien AG). Albrecht Hornbach has also been a member of the Supervisory Board of Hornbach Baumarkt AG since April 2002 and its Chairman since March 2009.

By extending these contracts, the Supervisory Boards of the two companies underlined their strategic conviction that the profound experience and expertise offered by Albrecht Hornbach and Susanne Jäger, two longstanding members of the respective Boards of Management, are indispensable for the Hornbach Group's sustainable development. At the same time, the Supervisory Boards have ensured a good balance of continuity and change in terms of the combination of management personalities on the respective Boards of Management.

With the appointment of Erich Harsch as Chief Executive Officer of Hornbach Baumarkt AG (since January 1, 2020) and the election of Karin Dohm as the future Chief Financial Officer (CFO) of Hornbach Baumarkt AG and Hornbach Management AG, the management team has been and is being supplemented with two managers from outside the company who are competent, experienced, and have entrepreneurial mindsets.

After nearly 25 years of board responsibility at Hornbach, Chief Financial Officer Roland Pelka (63) will retire in the coming year and, with the approval of the Supervisory Board, stand down from his positions as of March 31, 2021. His successor as CFO both of Hornbach Baumarkt AG and of Hornbach Management AG as of April 1, 2021 is Karin Dohm (48). As already communicated, she was appointed in September 2020 to be a new member of the Boards of Management of both companies as of January 1, 2021. During the three-month transition period, Karin Dohm is to be provided with the best possible introduction to the finance department. The responsibilities of the CFO include finance, accounting and tax, controlling, risk management, loss prevention, group communications, and internal audit, legal affairs, and compliance.

Hornbach Management AG is the general partner of Hornbach Holding AG & Co. KGaA. The Board of Management of the general partner manages the business of the KGaA and represents this company towards third parties. Hornbach Familien-Treuhandgesellschaft mbH owns all of the shares in Hornbach Management AG.

Download Press Release: PDF (268.80 kB)

Disclaimer

Hornbach-Baumarkt AG published this content on 18 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 December 2020 18:14:08 UTC


ę Publicnow 2020
All news about HORNBACH BAUMARKT AG
06/07HORNBACH BAUMARKTá : Factbook Fiscal Year 2020/21
PU
05/31HORNBACH BAUMARKTá : Warburg Research reiterates its Buy rating
MD
05/27HORNBACH BAUMARKTá : Analyst Presentation FY 2020/21
PU
05/27PRESS RELEASE : Hornbach Holding AG & Co. KGaA: Hornbach optimistic after record..
DJ
05/21PERSONNEL ANNOUNCEMENT : Hornbach Baumarkt AG extends contract with logistics di..
PU
05/21PRESS RELEASE : HORNBACH Baumarkt AG: Hornbach Baumarkt AG extends contract with..
DJ
05/21HORNBACH BAUMARKT AG : Hornbach Baumarkt AG extends contract with logistics dir..
EQ
05/03AD-HOC ANNOUNCEMENT : Hornbach Baumarkt AG plans dividend increase
PU
05/03DGAP-ADHOC : HORNBACH Baumarkt AG: HORNBACH Baumarkt AG plans dividend increase
DJ
03/23PRESS RELEASE : Hornbach Holding AG & Co. KGaA: -2-
DJ
More news
Financials
Sales 2022 5 151 M 6 237 M 6 237 M
Net income 2022 122 M 148 M 148 M
Net Debt 2022 1 460 M 1 768 M 1 768 M
P/E ratio 2022 9,48x
Yield 2022 2,48%
Capitalization 1 155 M 1 397 M 1 398 M
EV / Sales 2022 0,51x
EV / Sales 2023 0,47x
Nbr of Employees 22 136
Free-Float 23,4%
Chart HORNBACH BAUMARKT AG
Duration : Period :
HORNBACH Baumarkt AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HORNBACH BAUMARKT AG
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Average target price 53,00 €
Last Close Price 36,30 €
Spread / Highest target 46,0%
Spread / Average Target 46,0%
Spread / Lowest Target 46,0%
EPS Revisions
Managers and Directors
NameTitle
Erich Harsch Chief Executive Officer
Albrecht Hornbach Chairman-Supervisory Board
Andreas Schobert Head-Technology
Kay Strelow Deputy Chairman-Supervisory Board
Martin Hornbach Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
HORNBACH BAUMARKT AG1.40%1 397
THE HOME DEPOT, INC.17.00%330 429
LOWE'S COMPANIES, INC.18.88%134 882
KINGFISHER PLC26.29%10 133
HOME PRODUCT CENTER7.30%6 218
MR D.I.Y. GROUP (M) BERHAD19.23%5 680