JOST announces CEO handover

Leading manufacturer of vehicle connection systems, modules and components for trucks and trailers, JOST, is initiating a generational change.

Lars Brorsen is handing over the position of JOST CEO to Chief Sales Officer Joachim Dürr effective 1 October 2019.

Brorsen steps down from his position as CEO effective 30 September 2019. Since the end of 1999, he has been the face of JOST Werke. Under his leadership, the German company has developed into an internationally recognised group. Global sales have more than quadrupled during this period and the number of employees has more than doubled. He has expanded and enhanced JOST's product portfolio with strong brands such as TRIDEC, ROCKINGER, Edbro and most recently the JOST Axle Systems. Under his leadership, JOST Werke AG was listed on the Frankfurt Stock Exchange in 2017 and made the leap into the SDAX index soon after. 

At 67 years of age, Brorsen hands over the baton of Chairman of the Executive Board to his fellow Board member Joachim Dürr.

“We have prepared this step with calm and prudence,” said Brorsen. “With Joachim Dürr, we have been able to win a competent successor who will keep the spirit of the company alive and will continue JOST’s success story. It has been a great honor for me to have served JOST over the past decades.”

Dürr was appointed Chief Sales Officer (CSO) of JOST Werke as of 1 January 2019. The graduate mechanical engineer has many years of international sales, product and leadership experience in the commercial vehicle industry. On 1 October 2019, he will assume the function of CEO of JOST Werke AG. Simultaneously, the company's Executive Board will be reduced again to three members. In accordance with the term of his Executive Board contract, Brorsen will continue to assist JOST on an advisory basis until 31 December 2019.

“The Supervisory Board thanks Lars Brorsen for his outstanding work over the past 20 years,” said JOST Chairman of the Supervisory Board, Manfred Wennemer.

“We and JOST owe him a great deal and we wish him all the best for the coming years.

“With Joachim Dürr, we were able to recruit a very experienced manager at the beginning of 2019, with whom JOST will be very successful in the future,” he said.

Dürr is looking forward to his new position.

“JOST and its employees worldwide stand for absolute customer orientation, today and in the future,” said Dürr. “The commercial vehicle industry will continue to grow in the medium term and in the process undergo major changes – this offers a wide range of opportunities for JOST. I am delighted to develop the company on this basis, generating sustainable and long-term value for our customers, employees and shareholders.”

(Image: Joachim Dürr.)

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