VARTA AG expands Executive Board to include Technology Department led by CTO Rainer Hald

VARTA AG enlarges its Executive Board. The Supervisory Board of the MDAX-listed company has decided to include Rainer Hald on the Executive Board of the company, effective from 1st January 2022. The 52-year-old Chief Technology Officer (CTO) is the third member of the body alongside Armin Hessenberger (CFO) and the Chairman, Herbert Schein (CEO).

Michael Tojner, Chairman of the Supervisory Board of VARTA AG: “Researching, developing and breaking new ground is part of VARTA's DNA and has made us the innovation leader in the industry. Since 2013, Rainer Hald has been driving the great technological visions of VARTA and will be an excellent addition to the successful Executive Board. With this step, VARTA has set the course for the next growth phase also at Board level." Herbert Schein: “I have already worked very closely and trustingly with Rainer Hald for the past ten years and I am looking forward to continuing this good cooperation at Board level. Rainer Hald has been a successful CTO for many years. His appointment is also a sign that VARTA already is a technology company today and that we will continue to expand our technological lead in the future. "

Rainer Hald, who holds a degree in engineering, has been with VARTA since 2000, where he held various management positions. Hald has been Chief Technology Officer of VARTA AG since 2013.

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About VARTA AG

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.

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