Umicore announces Mathias Miedreich to succeed as CEO

June 7, 2021

Mathias Miedreich will succeed as Umicore’s CEO in the final quarter of 2021 (Courtesy Mathias Miedreich/LinkedIn)

The Supervisory Board of Umicore, Brussels, Belgium, has appointed Mathias Miedreich to succeed Marc Grynberg as CEO of the group effective in Q4 2021. Miedreich and Grynberg will work together to ensure a smooth transition of leadership. The Supervisory Board will also propose the nomination of Grynberg to the Supervisory Board at the ordinary shareholders’ meeting in 2023, a move which hopes to secure the availability of his insight into both the company and wider markets to the company after his move.

Thomas Leysen, Chairman of the Supervisory Board, stated, “We had set the bar very high to find a worthy successor for Marc and we are convinced that Mathias has what it takes to successfully lead Umicore in the next phase of its development. His vast international experience gained at leading  international corporations, his profound knowledge of the automotive industry, as well as his strong customer, people and technology focus provide the right mix as the company continues to develop.”

Miedreich is currently a member of the Executive Committee of Faurecia, a leading global automotive supplier focused on sustainable mobility. Since early 2019, he has also acted as executive vice-president of Faurecia’s Clean Mobility division, generating revenues of €3.8 billion in 2020 and employs over 20,000 in eighty sites around the world, including eight R&D centres. Prior to joining Faurecia in 2013 as their vice president Strategy & New Technologies for the Clean Mobility business, he worked at Siemens and Continental.

Miedreich holds a Master’s degree in International Business Management from the Erlangen-Nuremberg Friedrich-Alexander University, Erlangen, Germany, and started his career in Strategy Consulting at professional services network KPMG before moving to the automotive industry, where he has served in leadership positions throughout Europe and Asia.

“I am very excited to join and lead Umicore as new CEO,” commented Miedreich. “The tremendous track record of the company, that has transformed itself towards being one of the leading players in the Clean Mobility and Recycling arenas, is outstanding and unmatched in the industry. With its enormous potential forward, I am honoured that the Supervisory Board has selected me to lead Umicore into the next phase of sustainable growth and technological leadership. I am convinced that through the experience that I have gathered, I will be able to significantly contribute to not only the growth path of Umicore, but especially also to its impact on a net-zero CO2 world.”

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