Change in management at CWS-boco Group

Duisburg. CEO Max Teichner leaves the company after the establishment of the joint venture with Rentokil Initial.

Max Teichner, CEO of CWS-boco Group informed Haniel’s Management Board that, he wishes to resign from office for personal reasons after the joint venture between CWS-boco and Rentokil Initial closes. Haniel's Management Board and his fellow executive managers at the CWS-boco Group deeply regret this decision.

In May 2010, Mr Teichner was appointed CEO of CWS-boco Group and successfully managed the Group's repositioning with the project “Focus Future”. Of particular note were the modernisation and optimisation of the laundry segment and logistics, the development of new locations and a multi-year sales initiative, which strengthened the company in operational terms and resulted in organic growth. In recent months, he accompanied the divisional reorganisation and made a key contribution to the highly promising joint venture with Rentokil Initial.

You can find more information in the press release of the Franz Haniel & Cie. GmbH.