Baar, Switzerland – Forbo Group has announced the appointment of Michael Schumacher as CEO and chairman of the executive board with effect from September.
He will replace Stephan Bauer, who is to take up non-executive tasks after eight years as CEO of the group, Forbo announced 4 March.
Schumacher has many years of international experience in industrial companies in the building industry, said the Swiss-based manufacturer of floor coverings, adhesives, power transmission systems and conveyor belts.
Most recently, Schumacher worked for 10 years at Saint-Gobain, where he was first CEO of Sanitas Troesch and then CEO of building distribution Germany. He is currently CEO of Saint-Gobain Switzerland.
He had previously worked for six years at Geberit as head of group marketing and was active in China with responsibility for Asia/Pacific.
After completing his degree in materials engineering at the ETH in Zurich, he worked for McKinsey for 10 years and took his MBA at INSEAD.