Riedel expands leadership structure with three dedicated divisions
As part of its global growth strategy, the Riedel Group has expanded and re-shaped its management structure, a move that sees experienced leaders from within the company take on responsibility for different business units.
Starting 1 January 2022, the Wuppertal-based company will be organised into three main divisions: The Product Division and Managed Technology business units will have Rik Hoerée and Lutz Rathmann as their respective new CEOs, with Riedel Networks and its managing director and CEO Michael Martens forming the group’s third division.
With this strategic step, Riedel’s group CEO Thomas Riedel strengthens the three business units, allowing him to devote his attention to driving business development and expanding global partnerships and networks.
Together with group chief financial officer Frank Eischet, who is responsible for finance, HR and IT, Thomas Riedel will form the spearhead of the Riedel Group.
“The last year has given us time to take a deep breath and reflect on our setup. We realised that we would have to change some things to sustain the rapid expansion of our business,” said Riedel.
“These past few years, our company has seen tremendous growth, and 2021 is no exception. Now is the right time to broaden the management team to support this dynamic upswing. This reorganisation is the foundation to master current and future challenges to our business and to continue our strong organic growth.”
Riedel chief sales officer Martin Berger will withdraw from the Riedel management board on 1 January 2022.
“I take great pride in the fact that we have developed first-class leaders within our own ranks, who are now ready to take on greater responsibility for our next growth phase,” said Berger. “It was a privilege to be part of this evolutionary change process.”
Riedel added: “I am very pleased that we were able to get Martin, who would like to dedicate more time to his private endeavours in the future, to continue to support us in an advisory capacity.”