To hone the Group’s focus on selected end markets, systematically make use of the potential arising through the inclusion of Hoffmann and intensify collaboration, the Distribution & Logistics (D&L) and Fastening Systems (FS) segments will be restructured as of January 1, 2025. This step will streamline the Group structure. Martin Reichenecker will take charge of the D&L segment as of January 1, 2025. Iso Raunjak will take over the role of Chief Human Resources Officer (CHRO).