Germany: Hornbach CEO Steffen Hornbach to resign at end of year

Steffen Hornbach has informed the Hornbach Supervisory Board that for personal reasons he would like to resign from his mandate as chairman and member of the executive board of Hornbach Baumarkt AG in agreement with the company’s supervisory board with effect from 31 December 2019, as soon as a new chairman of the executive board has been found.
Steffen Hornbach will hold corresponding discussions with the Supervisory Board and its Personnel Committee. The Supervisory Board has noted his request and will appoint a suitable successor, who could be an external candidate, as soon as possible. Steffen Hornbach (61) joined the company in 1988 and was appointed to the Executive Board in 1992. He has been chairman of the board since 1 November 2001.
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