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,
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.

You might also like