Ralph Heuwing, who also serves as Chief Financial Officer at Dürr AG, is to join the HOMAG Group's Supervisory Board on September 15, 2015, and take over its chair from Ralf W. Dieter, Chairman of the Board of Management at Dürr AG. Ralf W. Dieter will remain a member of the HOMAG Group's Supervisory Board. In addition, the contract of Management Board member and Head of Sales Jürgen Köppel will be extended by a further three years.

Eight months after Dürr acquired a majority stake in HOMAG Group AG, the integration of the HOMAG Group has now been completed with the appointment of the new Chief Executive Officer. Pekka Paasivaara has a wealth of experience in automation technology and plant engineering. Important stages of his career include ABB Flexible Automation, Rexroth Indramat, Bosch Rexroth, Lenze and, most recently, Germanischer Lloyd and its successor company DNV GL Group. Pekka Paasivaara studied economics in Finland and the United States and has a degree in business informatics. He also holds an MBA from IMD in Lausanne. He is married and has one child.

Ralph Heuwing: "The integration of the HOMAG Group into the Dürr Group has now been completed. The company is making good headway. The forthcoming changes require the greatest attention from the CEO and the Management Board. Pekka Paasivaara is the right person to implement a sustainable strategic reorientation, following the guiding principle of ONE HOMAG. I would like to continue to be personally involved in the development of the HOMAG Group as active Chairman of the Supervisory Board."

Ralf W. Dieter: "We are convinced that Pekka Paasivaara will successfully continue the reorientation of the HOMAG Group initiated by Ralph Heuwing. The change in the Board of Management comes at the right time, especially because Ralph Heuwing's dual role at Dürr and HOMAG was only sustainable for a limited period of time."