HOMAG Group AG in its Supervisory Board meeting held on June 15, 2015, appointed Pekka Paasivaara as chief executive officer with immediate effect. Together with Ralph Heuwing, who will be Co-CEO during a transition period until September 15, 2015, and the management board team, Paasivaara will drive the strategic reorientation of the HOMAG Group. Ralph Heuwing, who also serves as chief financial officer at Durr AG, is to join the supervisory board on September 15, 2015, and take over its chair from Ralf W. Dieter, chairman of the board of management at Durr AG.

Ralf W. Dieter will remain a member of the HOMAG Group's supervisory board. In addition, the contract of management board member and head of sales Jurgen Kuppel will be extended by a further three years.