GEA Expands Board, Considers Re-electing Chairman Until 2027
GEA Group is set to expand its board, with three new divisions each gaining a seat. This move, effective from 2026, will double the board's size to six members. Meanwhile, the company's leadership is considering re-electing Dieter Kempf as Chairman of the Supervisory College Board until 2027 to maintain continuity.
GEA's CEO, Stefan Klebert, has overseen significant growth since taking office in spring 2019. Under his leadership, the company's market value has nearly tripled, reaching around €10.5 billion. GEA, which specializes in equipment for the food and pharmaceutical industries, generated approximately €5.4 billion in sales last year, employing over 18,000 people.
Klebert's tenure has also seen a notable increase in GEA's share price, which has risen by nearly a third since the beginning of this year. Despite this success, no successor to Kempf has been proposed yet, and his re-election until 2027 is being considered to ensure stability in leadership.
GEA's board expansion and potential leadership continuity reflect the company's growth and success under Klebert's leadership. With the changes, GEA aims to maintain its strong position in the market while ensuring effective governance.
