15 December 2017
Dr Stefan Borchers appointed new Managing Director Finance and Services
Dr Dietmar Meister is leaving the Vaillant Group at his own request after successful work
The Supervisory Board of Vaillant GmbH has appointed Dr Stefan Borchers a Managing Director of the heating, ventilation and air-conditioning specialist with effect from 1 January 2018. He will take over as successor to Dr Dietmar Meister the Group-wide responsibility for the Finance and Services divisions.
Dr Stephan Borchers was born in Hildesheim on 3 May 1969. Having studied Business Administration, Dr Borchers worked initially as research associate at the Technical University Brunswick and obtained his doctorate in the field of Controlling. In 2000 he joined Deutsche Lufthansa AG and worked there in the Shareholdings Management/M&A division. Two years later, Dr Borchers switched to the Bayer corporation. Following work in managerial positions in Germany and South America, he took over in August 2010 the position of Vice President Global Accounting at Bayer Material Science in Leverkusen. He joined the Vaillant Group on 1 May 2012 as Group Finance Director. Dr Borchers is married and has two sons.
Dr Dietmar Meister is leaving the Vaillant Group after successful work
After more than eight years work for the Vaillant Group, Dr Dietmar Meister has decided not to renew his expiring contract. So he will leave the company at his own request.
Dr Meister has since 2009 made a decisive input to the Vaillant Group in his function as Managing Director Finance and Services and contributed significantly to the company’s good development. He has rendered great services to the Vaillant Group.
The Supervisory Board thanks Dr Meister very much for his successful work and wishes him all the best for his personal and professional future.
About the Vaillant Group
The Vaillant Group is an internationally active company based in Remscheid, Germany, which operates in the fields of heating, ventilation and air-conditioning technology. As one of the global market and technology leaders, the Vaillant Group develops and manufactures customised products, systems and services to provide a comfortable living environment. Its product portfolio ranges from efficient heating devices based on conventional energy sources to system solutions for using renewable energy. In the financial year 2020, the company, which has been family-owned since its foundation in 1874, generated sales of more than €2.7 billion with its workforce of about 15,000.