Early Extension of Oliver Hermes’ Term as President and CEO

“His anticipated contract extension is in line with the ongoing, profitable development of the company, in respect of which the Supervisory Board expresses its fullest confidence in him,” said the Chair of the Supervisory Board, Prof. Dr. Norbert Wieselhuber, following the latest meeting of the Supervisory Board in December 2020. “Oliver Hermes stands for determination and resourcefulness. Over the last few years, he has multiplied the company value as well as significantly increased brand performance through the modernisation of brand identity and development of the corporate group from a “hidden champion” to a “visible & connected champion”. Even in the turbulent times of the coronavirus pandemic, his leadership made it possible to generate sustainable and profitable growth and to drive forward the digital transformation, all the while maintaining the health of employees as our very first priority,” added Prof. Dr. Wieselhuber.

In August 2020, Wilo was selected as one of “50 Sustainability & Climate Leaders” worldwide. The global sustainability and climate protection initiative involves companies that act on basis of the United Nations’ Sustainable Development Goals (SDGs). In December 2020, the Wilo Group has been awarded the renowned German Sustainability Award (Deutscher Nachhaltigkeitspreis, DNP) in the “Climate” transformation field. The German Sustainability Award honours companies for which sustainability is part of their business model. “The world climate needs pioneers. At Wilo, we claim to not only promote the topic of energy efficiency, but also to be a climate protection and digital pioneer. We do this in the firm belief that the smartest products will be the most efficient ones in slowing down climate change,” explained Oliver Hermes.

“I would like to thank my fellow board members and our global workforce of around 8,000 employees for their huge level of commitment and impressive performance over the past few years. At the same time, I am looking forward to continuing to play a key role in shaping the future together with the global Wilo team. Wilo is something that is truly dear to my heart – not just since I was appointed to succeed Dr.-Ing. E.h. Jochen Opländer in the business,” said Oliver Hermes. In addition to his role as President and CEO of the Wilo Group, Oliver Hermes was also appointed as Chair of the Wilo-Foundation’s Board of Trustees in April 2019. The Wilo-Foundation is the majority shareholder of WILO SE.