Baton change: Matthias Altendorf (right) takes over management of the Endress+Hauser Group at the beginning of 2014. His predecessor Klaus Endress is new President of the Supervisory Board.
After 19 years at the top of Endress+Hauser, Klaus Endress is set to clear his desk at the office in Reinach, Switzerland. The previous CEO moves to the Group's Supervisory Board as of 1 January 2014, replacing President Klaus Riemenschneider who is retiring after 43 years of work for Endress+Hauser.
New CEO of the Group is Matthias Altendorf, former Managing Director of the Center of Competence for level and pressure measurement engineering in Maulburg, Germany. The 46-year-old is only the third CEO in the company's history starting in 1953 – and the first one not coming from the Endress shareholder family. The changes at the top of the Group have already been announced in March.
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