Dr. Daniel Schmitt becomes a member of the HOMAG Group AG Board of Management
Schopfloch, May 25, 2021. HOMAG Group AG is driving the expansion of its solid wood segment and has now appointed Dr. Daniel Schmitt as a Board of Management member, responsible specifically for this business. From July 1, 2021, Dr. Daniel Schmitt will manage the Solid Wood Processing business unit, with which HOMAG aims to establish itself as a leading technology partner for sustainable building using solid wood.
HOMAG’s solid wood business includes its subsidiary WEINMANN as well as the two recently acquired Danish companies System TM and Kallesoe. With the solid wood business unit HOMAG mainly supplies manufacturers of building components for sustainable timber houses. It aims to substantially increase its market share in this fast-growing sector from its current level of 10%. This year, sales in the solid wood segment are expected to significantly exceed €100 million.
CEO Ralf W. Dieter stresses: “We want to become the leading systems supplier for timber construction and develop the solid wood segment into a second mainstay, alongside our activities with the furniture industry. Strengthening our management team shows how important this new field is for us.”
Gerhard Federer, Chairman of the Supervisory Board of HOMAG Group AG, states: “There is strong momentum at the HOMAG Group, and it is necessary to expand the Board of Management in order to handle the diverse range of strategic and operational issues in a sustainable manner. In Dr. Daniel Schmitt, we have acquired a renowned expert with outstanding system and technology expertise. He is an excellent team player and has demonstrated that he can combine strengths and expand new fields of business.”
Dr. Daniel Schmitt will manage the solid wood business together with the management teams of WEINMANN, System TM, and Kallesoe. In addition, on the Board of Management he will take over responsibility for the CNC Processing business unit and for quality management. He holds a PhD in chemical engineering and comes from HOMAG’s parent company Dürr. At Dürr, he has been in charge of the Clean Technology Systems division since 2017 and was responsible for, among other things, the acquisition and complex integration of US company Megtec/Universal. Prior to this, he had spent many years in various management positions at the Freudenberg Group in Weinheim. Dr. Daniel Schmitt explains: “The trend toward sustainability is leading to an ever-growing number of buildings being made from timber. Thanks to WEINMANN’s strong position and the recent acquisitions, HOMAG is well placed to enjoy vigorous growth in the solid wood sector. It is my goal to showcase the strength of the newly formed Solid Wood Processing business unit while maintaining the flexibility and customer proximity of the companies operating within this segment.”
This press release contains certain statements relating to the future. Future oriented statements are all those statements that do not pertain to historical facts and events or expressions pertaining to the future such as “believes”, “estimates”, “assumes”, “forecasts”, “intend”, “may”, “will”, “should” or similar expressions. Such future-oriented statements are subject to risks and uncertainty since they relate to future events and are based on current assumptions of the Company, which may not occur in the future or may not occur in the anticipated form. The Company points out that such future-oriented statements do not guarantee the future; actual results including the financial position and the profitability of the HOMAG Group as well as the development of economic and regulatory framework conditions may deviate significantly (and prove unfavorable) from what is expressly or implicitly assumed or described in these statements. Even if the actual results of the HOMAG Group including the financial position and profitability as well as the economic and regulatory framework conditions should coincide with the future-oriented statements in this press release, it cannot be guaranteed that the same will hold true in the future.Back to List