SFS succession plans

At the Annual General Meeting scheduled for April 26, 2023, the SFS Board of Directors will propose that Fabian Tschan be elected to the Board of Directors as a representative of the Stadler/Tschan shareholder family. He succeeds Bettina Stadler, who will not stand for re-election as part of a long-term succession plan.

The Board of Directors also has appointed Thomas Jung as future Head of the Construction division; he will succeed Arthur Blank, who will be stepping down from the Group Executive Board at the end of 2023 before retiring at the end of 2024. Thomas Jung has worked with SFS since 2010, initially as general manager for Central and Eastern Europe at the company’s site in Oberursel, Germany and for the last three years, he has been responsible for the Construction division’s business activities in North America, based in the United States. With his appointment as Head of the Construction division, Thomas Jung will join the Group Executive Board as of January 1, 2024.