Effective from 1 January 2024, the Villeroy & Boch Supervisory Board has appointed Gabi Schupp as the company’s new ceo.
Gabi will take over the role from Frank Goring. In addition the contract of cfo for Dr Markus Warncke has been extended.
Andreas Schmid, chairman of the supervisory board, commented: “I am very happy that by appointing Gabi Schupp, we have a highly successful and skilled manager from within our own ranks to take on this great responsibility.
“She has many years of wide-ranging experience leading global brands and managing complex M&A processes, which means she has what it takes to continue the growth trajectory launched by Frank Goring and bring the integration of Ideal Standard to a successful conclusion. The supervisory board has no doubt that Gabi Schupp, together with the management board and all employees, will lead Villeroy and Boch to continued future success.”
For five years, Gabi and her team have strategically repositioned the dining & lifestyle division at Villeroy & Boch, putting it on a sound, sustainable ground, structurally and commercially. This has included a realignment of the marketing, sales and supply chain strategies.
As a result, sales and revenue have risen significantly despite the challenging environment. Before joining Villeroy & Boch, Gabi spent over 20 years in a number of executive roles at Procter & Gamble and at Spencer Stuart.
Current ceo Frank Goring’s contract ends on 31 December, 2023, after which he plans to dedicate more time to personal interests. He will continue to be available to the company in an advisory capacity.
Andreas added: “We owe a great debt of gratitude to Frank Goring, after 26 years with the company. Since 2007, he has put his heart and soul into leading the business through internationalisation and digitalisation processes, taking Villeroy & Boch to new levels in terms of revenue.
“We are delighted that he will continue to support us with his expertise during the integration of Ideal Standard.”
In addition the supervisory board has extended Dr Markus Warncke’s contract as cfo for a further three years from 1 January 2024.
Andreas concluded: “Markus Warncke has successfully guided the Villeroy & Boch finances through the demanding last few years and laid the foundations for the sound financing underpinning the previously announced takeover of Ideal Standard, for which he will now continue to assume responsibility.”