Orell Füssli CEO leaves company
Sönke Bandixen, head of the Orell Füssli industrial and retail group, is leaving the company effective immediately. The separation is by mutual agreement due to differing views on the strategic management of the business.
This was announced by the company on Thursday, according to SDA. The search for a successor to Sönke Bandixen has already been initiated. Chairman of the Board of Directors Klaus Oesch will take over as CEO ad interim. The separation was not due to a scandal, Oesch said in response to a question from the financial news agency AWP. The reasons for Bandixen's departure are also not to be found in the past, but lie solely in differences of opinion on the future direction of the company. He is a principled opponent of the dual mandate, Oesch added. He therefore hopes that a successor for Bandixen can be found quickly. The focus of the search is on an external candidate. Finding an internal solution would be difficult for a diversified company of this size.
69 percent less profit
Orell Füssli suffered a severe slump in profits last year.
Below the line, the company still earned 15 million Swiss francs. This is 69 percent less than in the previous year. According to the provisional financial statements, operating profit (Ebit) fell by 62 percent to 23 million Swiss francs. Sales fell by 17 percent to 306 million Swiss francs. The detailed financial statements will be published on April 8.
69 percent less profit
Orell Füssli suffered a severe slump in profits last year.
Below the line, the company still earned 15 million Swiss francs. This is 69 percent less than in the previous year. According to the provisional financial statements, operating profit (Ebit) fell by 62 percent to 23 million Swiss francs. Sales fell by 17 percent to 306 million Swiss francs. The detailed financial statements will be published on April 8.
(Image source: www.orellfuessli.com)
