With effect as of August 31, 2015, Ralph Heuwing is stepping down as planned from HOMAG Group AG's management board, on which he has served as CEO since December 2014. Pekka Paasivaara, who had served as joint-CEO together with Heuwing since June 15, 2015, is thus taking over as sole CEO of HOMAG Group AG with effect as of September 1, 2015. Going forward, Ralph Heuwing will resharpen his focus on his role as CFO of Dürr AG.

In addition, he will join the supervisory board of HOMAG Group AG and take over its chairmanship from Ralf W. Dieter, CEO of Dürr AG. Ralf W. Dieter will, however, remain on the HOMAG Group's supervisory board.