Latin America. As part of its global growth strategy, the Riedel Group announced that as of January 1, 2022, it will be organized into three main divisions: the "Product Division" and "Managed Technology" business units will have Rik Hoerée and Lutz Rathmann as their respective new EXECUTIVE DIRECTORS, with Riedel Networks GmbH and its Managing Director and CEO, Michael Martens, forming the third division of the group.
With this strategic step, Riedel Group CEO Thomas Riedel strengthens all three business units, allowing him to devote his attention to driving business development and expanding global partnerships and networks. Together with the Group's Chief Financial Officer, Frank Eischet, Responsible for Finance, HR and IT, Thomas will form the spearhead of the Riedel Group.
"The past year has given us time to take a deep breath and reflect on our setup. We realized that we would have to change some things to sustain the rapid expansion of our business," says Riedel. "In recent years, our company has experienced tremendous growth and 2021 is no exception. Now is the right time to expand the management team to support this dynamic uptick. This reorganization is the foundation for mastering the current and future challenges of our business and for continuing our strong organic growth."
With three strong management teams and agile organizational units, Riedel creates a dynamic and powerful corporate structure, which will allow the company to respond even more effectively to customer needs, markets continue to evolve and differentiate at a rapid pace.
Riedel's Chief Sales Officer (CSO), Martin Berger, has been driving this evolutionary step forward and has helped secure an excellent position for Riedel's future development. On January 1, 2022, Berger will retire from Riedel's board of directors.
