Duravit welcomes new CEO

Leading German bathroom designer Duravit has welcomed its new CEO, Stephan Patrick Tahy, who begins his new role tomorrow.

The Duravit AG Supervisory Board formally confirmed the appointment of the 54-year-old as its new CEO, with effect from 1 July. Tahy succeeds Prof. Frank Richter, who will leave the company on June 30, 2020.

Tahy, who was first publicly identified as Richter's replacement in a report released by Duravit last month, is a former CEO of De’Longhi GmbH Germany and before that he was Vice President and General Manager at Mattel Inc. The father of two was born in Heidelberg, where he studied mathematics, and he holds an MBA from the University of Mannheim.

Tahy said: 'I am pleased at the confidence that has been placed in me to drive the fantastic work of this innovative company forward and to be working with all Duravit employees to shape our common future.'

Gregor Greinert, Chairman of the Supervisory Board of Duravit AG, said: 'We are delighted with the appointment of Stephan Tahy, who is a dedicated, high-caliber successor to Prof. Frank Richter, and who will continue to advance Duravit’s highly successful development

'We are really looking forward to working with him. We would like to thank Frank Richter for his outstanding contribution over many successful years.'