VARTA AG appoints new CFO with intensive restructuring experience

The Executive Board of VARTA AG is reorganising itself for the tasks ahead: Marc Hundsdorf will succeed Armin Hessenberger as CFO on 15th May. In addition to Hundsdorf, the Board will then consist of Dr Markus Hackstein as Speaker and Rainer Hald as CTO.

Hundsdorf looks back on board and management experience in the private equity and capital market sectors. He also has many years of experience in restructuring. Most recently, the 54-year-old engineering and industrial engineering graduate was CFO at caravan manufacturer Knaus Tabbert AG. 

DDr. Michael Tojner, Chairman of the Supervisory Board of VARTA AG: "Marc Hundsdorf's expertise makes him the perfect choice as VARTA AG's new CFO. He brings with him a great deal of experience in the area of reorganisation and restructuring, has technical and business know-how and is familiar with the automotive industry. Marc Hundsdorf will contribute to returning VARTA AG to its successful growth course. Armin Hessenberger has laid the foundation for this with his dedicated work and has also helped to make VARTA's growth course possible in recent years. I would like to thank him sincerely for this."

Dr Markus Hackstein, Speaker of the Executive Board: "We are looking forward to tackling the challenges of the coming months together with Marc Hundsdorf. I would like to thank Armin Hessenberger for the very good cooperation and for his commitment to VARTA. I wish him all the best for his future."

Under Armin Hessenberger, the agreement with the banks on VARTA AG's extensive restructuring programme was reached last week. Thomas Obendrauf, who was originally to take over the position of CFO of VARTA AG, has decided to leave the company for personal reasons.

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VARTA AG produces and markets a comprehensive battery portfolio ranging from micro batteries, household batteries, energy storage systems to customised battery solutions for a variety of applications and sets the industry standards as a technology leader in key areas. As the parent company of the Group, it is divided into the segments "Micro Batteries", "Lithium-Ion CoinPower", "Consumer Batteries", "Energy Storage Systems" and "Other".
The "Micro Batteries" segment includes micro and hearing aid batteries, "Lithium-Ion CoinPower" small-format lithium-ion round cells for OEM applications. "Consumer Batteries" represents the business with household batteries, rechargeable batteries, chargers, portable power (power banks) and lights. “Energy Storage Systems" includes energy storage solutions for primarily private, but also for commercial applications. The "Other" segment includes the "Lithium-Ion Battery Packs" and "Lithium-Ion Large Cells" business units (high-performance lithium-ion round cells for industrial applications in the automotive and non-automotive sectors).
Through intensive research and development, VARTA sets global standards in many areas of lithium-ion technology and in micro batteries, making it a recognised innovation leader in the important growth markets of lithium-ion technology and in primary hearing aid batteries. The VARTA AG Group currently employs around 4,200 people. With five production and manufacturing facilities in Europe and Asia as well as distribution centres in Asia, Europe and the USA, VARTA AG's operating subsidiaries are currently active in over 100 countries worldwide.