The Oras Group (Oras Ltd.) Board of Directors has decided to appoint Dr Markus Lengauer the President and CEO of Oras Group. In this capacity Markus will also be appointed the sole Managing Director of HANSA Armaturen GmbH and selected other Oras Group subsidiaries. He will officially assume the positions as of 1 November 2017.
Dr Markus Lengauer, 52, is an Austrian citizen living with his family in Sankt Barbara, Austria. Since 2013, Markus has worked as an independent consultant in the HVAC industry. Before that, he looks back at a long and successful career at Rettig ICC, leading to the CEO position. Markus holds a Doctor’s degree in Engineering from the Technical University of Vienna. Since 2015, Markus has served on the Board of Directors at Uponor Corporation as member and member of the Audit Committee.

Annika Paasikivi, Vice Chairman of the Board of Directors: “I have worked together with Markus on the Uponor Board for two years. He knows the dynamics of our industry inside out and fully understands the implications on Oras Group. The fact that Markus is already a trusted member of my family’s network enables him to take up the duties and responsibilities of the CEO of Oras Group at fast-track speed.”

Jari Paasikivi, Chairman of the Board of Directors: “Markus brings with him a proven leadership track-record and experience from both the Nordic and Central European markets. His key task will be to ensure that we are fully focused on the right operative actions to achieve sustainable and profitable growth leading to long term value creation.”

Markus Lengauer: “Oras and Hansa are well known brands with strong market positions in many European markets. Combining these assets with good management and motivated personnel will make it possible to follow a profitable growth path and to strengthen the relationships with our customers. I am excited about my new role and look forward to a very fruitful future with the Oras Group team.”

CEO's information letter and financial statements 2016
Download English Oras Group CEO's information letter 2016 (pdf, size: 320 KB)
Download English Oras Group financial statements 2016 (pdf, size: 344 KB)

Link to Oras Group news: http://www.orasgroup.com/media/ 

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