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Leoni boss Kamper surprisingly leaves the car supplier


In the middle of the restructuring, automotive supplier Leoni has to look for a new CEO. Aldo Kamper is leaving the ailing cable specialist to take on a new job at short notice.

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Photo: A3609 Daniel Karmann/ dpa

Leoni CEO Aldo Kamper surprisingly resigns from his post.

The 52-year-old Dutchman is leaving the company at the end of March "to take on a new task at short notice," as the automotive supplier announced.

»The Supervisory Board will start talks immediately to arrange the successor.«

Leoni employs around 100,000 people and generated sales of 5.1 billion euros in 2021.

Chairman of the Supervisory Board Klaus Rinnerberger said that Kamper, who has been in charge of Leoni since September 2018, took over the office in a difficult situation and proved himself as a crisis manager.

He very much regrets his departure.

Soon after taking office, Kamper began to fundamentally restructure the manufacturer of cable harnesses and wires for cars and industry, which had more than 90,000 employees at the time, because growth had gotten out of hand.

However, Leoni suffered a setback during the restructuring when the buyer for the cable business, the Thai Stark Corp, surprisingly jumped out at the end of last year.

The proceeds from the sale were an important building block for the restructuring concept.

Now crisis manager Hans-Joachim Ziems, as a member of the board, is once again taking care of securing the group's financing.

"I would have liked to have completed the restructuring of this promising company as CEO," said Kamper.

»However, the challenge I face is the consistent continuation of my professional career.

I couldn't say no to that.” He didn't say where he was going.


Source: spiegel

All business articles on 2023-01-30

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