Changes in the management at Stiebel Eltron

Dr Nicholas Matten will be the new managing director at Stiebel Eltron GmbH & Co. KG with effect from 1 August 2016. He will assume overall responsibility for sales and marketing.

Karlheinz Reitze, the long-standing managing director for sales and marketing, will leave the company on 31 December 2016 to take up a fresh challenge at his own request and on the best of terms. “We respect and accept his wishes but at the same time we very much regret this decision”, said Dr Axel Freiherr von Ruedorffer, chairman of the board.

In his eleven years as managing director, Karlheinz Reitze has had a decisive influence on the company and has made enduring contributions in shaping the development of Stiebel Eltron. In the last few years his focus has been on planning a sustainable strategy for the company’s future. “We would like to express our sincere thanks to Karlheinz Reitze for his loyalty and trust over the course of more than 20 years”, said von Ruedorffer. “All our best wishes go with him for the future and continuing success in both his professional and private life.” Stiebel Eltron and Karlheinz Reitze are separating on friendly terms.

Karlheinz Reitze represents Stiebel Eltron at senior management level in associations, committees and on advisory boards. He will also continue to perform these duties until he leaves the company.

Dr Nicholas Matten has over 25 years’ professional experience. After studying mechanical engineering and subsequently obtaining a doctorate from the University of Stuttgart, he started his career in German SMEs and later worked for an American company. Dr Matten is currently Vice President Sales for the Africa, Near East, Turkey and Eastern Europe regions and head of global project business at Hansgrohe, Schiltach, a leading brand manufacturer of showers and taps. A British citizen, Dr Matten speaks German, Italian and French in addition to English. He has lived in Germany since 1969, he is married and has two sons (24 and 5) and one daughter (21).

“We are delighted to welcome an accomplished manager of Dr Nicholas Matten’s standing to Stiebel Eltron. He brings an immense wealth of experience, nationally and internationally, and an impressive track record in business”, explained Dr Axel Freiherr von Ruedorffer.