Dr Peter Selders takes over as CEO, Matthias Altendorf new president of the Supervisory Board
January 5, 2024
Endress+Hauser has completed the announced change at the top of the Group: Dr Peter Selders has taken over as CEO of the Swiss specialist for measurement technology and automation solutions. The 54-year-old holds a doctorate in physics, has been with the company since 2004 and was previously managing director of the competence center for level and pressure measurement technology based in Maulburg, Germany. He is only the fourth CEO in the Group’s 70-year history.
His predecessor Matthias Altendorf (56) is moving to the Supervisory Board after 10 years at the helm. In 2014, he became the first non-family CEO to succeed Dr Klaus Endress. He is now replacing the 75-year-old as president of the Supervisory Board. In future, two members of the third generation will represent the interests of the shareholder family: In addition to Sandra Genge, Steven Endress, a grandson of the company founder, joined the board on 1 January 2024.
Peter Selders has been succeeded at Endress+Hauser Level+Pressure by Dr Dirk Mörmann (50), who was previously head of technology and a member of the management board. Endress+Hauser had already announced all these changes in February 2023.
Endress+Hauser recently concluded their Annual Media Conference in Basel, Switzerland on April 4th, 2023. Like past media conferences, they reviewed the previous financial year and provided an outlook for the current financial year. But this conference was special: It was the last press conference Klaus Endress would take part in as President of the Supervisory Board. At the end of 2023, Endress will end his active role, and Matthias Altendorf will assume his position on the Board.