At its meeting on June 28, the Supervisory Board of Duravit AG prematurely and unanimously extended the contract of CEO Stephan Tahy for five more years until 2027.
Duavit reports this is not only due to the success of the last financial year, but also because they are convinced that Stephan Tahy and his Executive Board colleagues, Thomas Stammel and Martin Winkle, have been able to build on the successes of the past and will continue to realize Duravit’s full potential in future.
In July 2020, Tahy became CEO of the family business that employs a global workforce of about 7,000 and operates in over 130 countries. His contract was due to run until 2023.
“I’m delighted about the early contract extension and the show of trust in me,” said Stephan Tahy. “Only by working together can we achieve our ambitious goals. That’s why we want to take advantage of the fair winds and shape the necessary changes together.”
Duravit on a growth trajectory and a climate mission
With Stephan Tahy at the helm as CEO, Duravit managed to generate record turnover of €604 million in the last financial year, a year-on-year increase of some 28 percent. “Despite the difficult circumstances on the global economy, we’re closing in on the billion mark,” he explained.
Duravit remains on track for success: In the first quarter the company generated total turnover of 172.1 million euros(2021: €140 million euros).
Growth, including the one-off effect of the Bernstein consolidation, stood at 22.9 percent.
Additionally, Duravit has embarked on a comprehensive climate mission: by 2045 the company from Hornberg in the Black Forest wants to be an entirely climate-neutral business at global level without relying on offsetting or trading CO2 emissions.
“None of this would be possible without the team effort of our employees who recreate this success every day afresh despite challenging and changing prevailing conditions. These are the best prerequisites for implementing our corporate vision of ‘We upgrade people’s everyday life’ for all of our stakeholders Board”, says Tahy.
