Stephan Tahy to remain Duravit CEO for five more years
The Supervisory Board of Duravit AG has prematurely extended CEO Stephan Tahy’s contract with effect from 1 July, 2022
- Tahy will continue to help Duravit realize its potential in future
- Changes will be shaped collectively as a team
- Record turnover of €604 million last year
- Becoming a climate-neutral business as a corporate objective
Hornberg, 1 July, 2022: 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. 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, working with the team as a whole, 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 a 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.” The CEO intends to blaze bold trails in future in collaboration with his Executive Board colleagues and the workforce.
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.
The CEO intends to blaze bold trails in future in collaboration with his Executive Board colleagues and the workforce. (Image source: Duravit AG)
About Duravit AG
Founded in 1817 in Hornberg in the Black Forest, Duravit AG is today a leading international manufacturer of designer bathrooms. Aspiring to the highest of standards, the complete bathroom supplier designs and manufactures sanitary ceramics, bathroom furniture, bathtubs and shower trays, wellness systems, shower-toilets, faucets, and accessories as well as installation systems. Alongside its in-house design expertise, Duravit also works closely on product development with an international network of designers such as Cecilie Manz, Philippe Starck, Christian Werner, Sebastian Herkner, and Bertrand Lejoly as well as talented newcomers. Duravit’s ambition is to make its stakeholders’ lives a little better each day through a combination of forward-looking designs, uncompromising product excellence, a keen sense of human requirements, and responsible corporate management. A key measure in achieving these aims is the overriding mission to become a climate-neutral business by 2045 with no exceptions