Umicore publicizes CEO succession

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Umicore announces CEO successor

In the fourth quarter of this year, the Umicore Supervisory Board appointed Mathias Miedreich to succeed Marc Grynberg as CEO of the group. Marc and Mathias will work together to ensure optimal onboarding of Mathias and a smooth management transition.

Mathias, a German citizen born in 1975, is currently a member of the Executive Committee of Faurecia, a leading global automotive supplier with a strong focus on sustainable mobility. Since the beginning of 2019 he has been Executive Vice President of the Clean Mobility division of Faurecia, which generated sales of 3.8 billion euros in 2020 and employs over 20,000 people at 80 locations worldwide, including 8 R&D centers. Mathias holds a master’s degree in International Business Management from Friedrich-Alexander-Universität Erlangen-Nürnberg and began his career in strategy consulting at KPMG. He then switched to the automotive industry, where he gained more than 20 years of experience in various leading management positions in Europe and Asia. Before joining Faurecia in 2013 as Vice President Strategy & New Technologies for the Clean Mobility business, he worked at Siemens and Continental.

Thomas Leysen, Chairman of the Supervisory Board, commented: “We have set the bar very high in order to find a worthy successor for Marc and are convinced that Mathias has what it takes to lead Umicore successfully in the next phase of its development. His many years of international experience with leading international corporations, his profound knowledge of the automotive industry and his strong customer, people and technology orientation offer the right mix for the further development of the company. ”

The Supervisory Board will also propose the nomination of Marc to the Supervisory Board at the Annual General Meeting in 2023.

Thomas Leysen added, “This would ensure that Marc’s unrivaled knowledge of Umicore and its markets, as well as his strategic insights, continues to be available to the company. In accordance with the recommendations of the Belgian Corporate Governance Code, the nomination in 2023 will be proposed after a reasonable interval to ensure the necessary autonomy of the new CEO. “

Marc Grynberg, CEO of Umicore, said: “I am delighted that Mathias has been chosen as my successor. He brings a strong combination of professional and interpersonal skills to write the next chapter in the Umicore success story together with the board of directors and all Umicore employees. I will ensure a smooth change in leadership and confidently hand over the baton to Mathias. I am also pleased that the Supervisory Board will propose my nomination, and I look forward to continuing to be part of this wonderful company and helping to shape its exciting path. ”

Mathias Miedreich commented: “I am very pleased to accompany and lead Umicore as the new CEO. The tremendous track record of the company, which has grown into a leading player in clean mobility and recycling, is outstanding and unmatched in the industry. With his enormous forward potential, I feel honored that the Supervisory Board has chosen me to lead Umicore into the next phase of sustainable growth and technology leadership. I am convinced that, through the experience I have gained, I can make a significant contribution not only to Umicore’s growth path, but also, in particular, to its impact on a net-zero CO2 world. ”

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Umicore profile

Umicore is a global materials technology and recycling group. It focuses on application areas where its expertise in materials science, chemistry, and metallurgy makes a real difference. The activities are organized into three business areas: catalysis, energy and surface technologies and recycling. Each business group is divided into market-oriented business units that offer materials and solutions that are state-of-the-art in technological development and are indispensable for daily life.

Umicore generates the majority of its revenue and devotes the majority of its R&D efforts to clean mobility materials and recycling. Umicore’s overarching goal of sustainable value creation is based on the ambition to develop, manufacture and recycle materials in such a way that their mission is fulfilled: materials for a better life.

Umicore’s industrial, commercial and R&D operations are located around the world to best serve its global customer base. In 2020, the group achieved sales (excluding metal) of € 3.2 billion (sales € 20.7 billion) and currently employs 10,800 people.