HeidelbergCement CEO Bernd Scheifele hands over to Dominik von Achten

  • Push-out Score determined
  • After 15 years in the position
  • Praise and thanks for Scheifele
  • Scheifele spoke at length and said 133 words

(Correction: An earlier version of this story misspelled the first name of Dominik von Achten as Domink.)

(exechange) — Heidelberg, Germany, February 19, 2019 — Bernd Scheifele, chief executive of HeidelbergCement, hands over the reins. As announced by HeidelbergCement AG in a news release on Tuesday, February 19, 2019, Bernd Scheifele leaves his post as Chief Executive Officer at the building materials company after 15 years in the role, effective January 31, 2020.

It is the end of an era.

Long goodbye

It is a long goodbye. The announcement of Bernd Scheifele’s move comes up to 11 months prior to his planned departure from the post of CEO.

In general, a top executive who announces the departure very early may be considered a lame duck.

Bernd Scheifele’s duties will be taken over by Dominik von Achten, currently Deputy Chairman of the Managing Board of HeidelbergCement AG.

“Long-term succession planning”

Bernd Scheifele’s departure from the CEO post is explained as follows. Fritz-Jürgen Heckmann, Chairman of the Supervisory Board of HeidelbergCement AG, said: “The changes in 2020 are part of long-term succession planning for the Supervisory Board and Managing Board of HeidelbergCement.”

Precise information regarding Bernd Scheifele’s immediate future plans was not immediately available.

The Supervisory Board asked Scheifele to stand as candidate for Chairman of the Supervisory Board after the end of the statutory two-year cooling-off period in 2022. “After careful consideration, Dr. Scheifele has declared that he will comply with this request,” the company said.

“Give up”

HeidelbergCement said: “Upon conclusion of his third term at the end of January 2020, Dr. Bernd Scheifele will give up the chair of the Managing Board of HeidelbergCement AG to the current Deputy Chairman, Dr. Domink [sic!] von Achten. This decision was made by the Supervisory Board at its meeting on 19 February 2019.”

Chaired by Fritz-Jürgen Heckmann

HeidelbergCement AG is chaired by Fritz-Jürgen Heckmann.

Heckmann serves as Chairman of HeidelbergCement’s Supervisory Board since February 1, 2005.

In the position of CEO since 2005

Bernd Scheifele was born on May 5, 1958 in Freiburg.

He studied law at the Universities of Freiburg and Dijon.

Following the First State Exam, he received a Fulbright scholarship for United States and completed the Master’s Degree Program with Master of Laws (LLM) in 1984.

After the Second State Exam, Scheifele worked with the renowned law firm Gleiss Lutz Hootz Hirsch at its headquarters in Stuttgart from 1988 to 1994.

In his function as attorney he prepared the incorporation of Phoenix Pharmahandel AG & Co KG, Mannheim/Germany.

On October 1, 1994, he was appointed Chairman of Phoenix.

As of February 1, 2005, Scheifele has been Chairman of the Managing Board of HeidelbergCement.

In the Managing Board, Scheifele has the direct responsibility for Strategy and Development, Communication & Investor Relations, Human Resources, Legal, Compliance, and Internal Audit.

Push-out Score determined

The Push-out Score™ determined by exechange gauges the likelihood that a manager was pushed out or felt pressure to leave the position.

exechange reached out to HeidelbergCement and offered the company the opportunity to comment on the score.

Read the full story in the exechange report 8.2019 ($).