Bobst Group – Continuing transformation and personnel changes
SWITZERLAND • The Bobst Group is continuing on its path of transformation for its flexible packaging and label business.
In this context, the business unit web-fed faces various challenges linked to its strategy implementation, market penetration and profitability improvement and the Group is therefore implementing changes in this Business Unit.
The Group executive committee is evolving and Erik Bothorel will leave it by end of 2018. Stephan März, current head of the business unit services, will take on responsibility for business unit web-fed as of January 1, 2019, while Julien Laran, current head of the supply chain and operations within the business unit Services, will be appointed head of business unit services as of January 1, 2019.
Bobst Group confirms the guidance for the full year 2018 which is an increase of full year sales by 5-7% compared to 2017 and an operating result (EBIT) higher than CHF 90 million.