Hellmann Worldwide Logistics re-structures and announces new CEO

Hellmann has announced that Reiner Heiken will take over as CEO following the restructuring of the business.

Hellmann has restructured and repositioned under the leadership of Dr. Thomas Knecht as Chief Executive Officer and Chief Revenue Officer as well as Jost Hellmann as Chief Commercial Officer. The group has executed a comprehensive restructuring programme. Its key moveswere the establishment of three business units with clearly defined strategic objectives, the change of legal form to an SE and a comprehensive structural, financial and performance-related realignment of the global Hellmann Group. In addition, the group was refinanced in a structured process resulting in a multi-year loan agreement with a banking syndicate.  In the previous year, the group was able to achieve growth in consolidated sales of 8% to €2.5bn and in EBT of 37% to €22.2m. Overall, the group generated total sales of over €3.2bn (up 7% compared to the previous year).

At the end of the restructuring phase, Dr Knecht will hand over the management of the Hellmann Group at short notice and in agreement with the Supervisory Board. Reiner Heiken, an experienced manager, will take over the position as CEO of Hellmann. Its aim is to advance its industrial growth phase as one of the largest privately-owned logistics companies. Dr Michael Noth will become Chief Financial Officer at the end of the year and Hellmann will resign from his position as CCO. As a result, Hellmann Worldwide Logistics will be managed from the beginning of 2019 by a management board consisting exclusively of external managers. However, the support of the family representatives Jost and Klaus Hellmann will continue. The two shareholders will each continue to be represented directly or indirectly with one vote on the Supervisory Board. Also bringing industry knowledge are the five external supervisory board members under the leadership of the former Schenker CEO, Dr Thomas Lieb.

Source: Hellmann Worldwide Logistics