Leifheit Aktiengesellschaft: Leifheit assigns new Head of Board Department Operations

Leifheit assigns new Head of Board Department Operations

Nassau, 10 September 2018 - The Supervisory Board of Leifheit AG assigned a new Head of Board Department Operations and appointed Igor Iraeta Munduate (44) as a member of the Board of Management (COO) effective by 1st November 2018. He will be responsible for Purchasing, Production, Logistics and R&D. Igor Iraeta Munduate thus takes over the areas of responsibility from Ansgar Lengeling, who left the Management Board in April this year.

"Given the high importance of supply chain, we are pleased to gain a recognized expert with broad international experience for the Leifheit Management Board", says Helmut Zahn, Chairman of the Supervisory Board of Leifheit AG.

Most recently Igor Iraeta Munduate was responsible for operations, innovation management as well as Industry 4.0 and IoT (Internet of Things) of the value chain as Chief Technical Officer & Senior Executive Global Operations at Igus GmbH. Prior to this he led R&D, Production and Quality Management at Stoba Präzisionstechnik GmbH & Co. KG as Technical Director. Furthermore, he has long-time experience in technical executive positions at the Robert Bosch GmbH. Igor Iraeta Munduate holds a degree in mechanical engineering of the Universidad de Navarra.

"Igor Iraeta Munduate brings a wealth of experience in the aspects of Lean Management, Industry 4.0 and digitalization and therefore excellent conditions to strategically develop our Supply Chain. We are looking forward to working together with him", says Thomas Radke, Chairman of the Management Board.

As of November 1st, 2018 the Board of Management of Leifheit AG consists of Thomas Radke (CEO), responsible for Sales, Marketing, HR/Legal/IP and the business units Birambeau and Herby, Ivo Huhmann (CFO), who will, in addition to this responsibility for Finance, Controlling, Audit, Business Processes/IT, accelerate expansion of Leifheit in the sales area Asia, and Igor Iraeta Munduate (COO), responsible for Purchasing, Production, Logistics and R&D.

About Leifheit

Leifheit AG, founded in 1959, is one of the leading European brand suppliers of household items. The company stands for high quality, innovative products with great utility and functional design in the sectors of cleaning, laundry care, kitchen goods and wellbeing. Leifheit and Soehnle are among the best-known brands in Germany. In addition to the Brand Business, Leifheit AG operates in the service-oriented Volume Business via its French subsidiaries Birambeau and Herby. The Leifheit Group and its international branches combined have around 1,100 employees. More information on Leifheit is available online at www.leifheit-group.com, www.leifheit.de, www.soehnle.de.