Schuler to succeed Jenisch as CEO of Sika

Sika has appointed Paul Schuler, currently Regional Manager Europe Middle East Africa (EMEA), as Chief Executive Officer, effective 1 July 2017. He succeeds Jan Jenisch who has accepted to become the new CEO of LafargeHolcim.
 
Mr Schuler has been with Sika for 29 years and has been a member of the Group Management since 2007. He served as Regional Manager North America from 2007 to 2012 and as Regional Manager EMEA from 2013 until now. Sika noted in a statement released yesterday that he  has played a key role in developing and executing Sika's successful growth strategy. His contributions to Sika's success include high growth rates, significant improvements in efficiency and profitability as well as responsibility for major acquisitions.
 
Mr Jenisch has been with Sika for more than 20 years and has been the CEO for the past five-and-a-half years. Under his leadership, Sika has seen significant profitable growth and an accelerated expansion into new markets, with a build-up of supply chains and new national subsidiaries, the company noted.
 
Sika confirms its guidance for 2017 with sales growth of 6-8 per cent to more than CHF6bn (EUR5.5m) for the first time. EBIT and net profit should continue to increase at disproportionately high rates. The growth strategy will be pursued with the opening of eight new factories and the founding of a further three national subsidiaries, the statement added.