The management of the Lauterbach-based STI Group has been reduced to two members. Jakob Rinninger and Andrea Wildies are now at the helm of the provider of promotional displays and intelligent packaging. The previous third managing director, Michael Apel, is leaving the family business.
A Management tandem will manage the fortunes of the Lauterbach-based STI Group in future. The company's advisory board, led by owner Dr Kristina Stabernack, has appointed Jakob Rinninger and Andrea Wildies as sole managing directors. Managing directors of the group of companies. At the same time, the previous third Managing Director Michael Apel was released by mutual agreement with immediate effect. He will be leaving the company.
With the decision that has now been taken, the Advisory Board intends to create a leaner and more agile management structure to ensure the STI Group's success in the medium and long term. In the foreseeable future, the two managing directors will be joined by a Chief Operating Officer (COO), who will not, however, be given the status of managing director.
According to the STI Group, 31-year-old Jakob Rinninger and 50-year-old Andrea Wildies are well placed to refocus the company on its core competences and develop new business models. STI sees itself as Europe's number 1 provider of sales-promoting Displays and intelligent Packaging. Most recently, there had been several changes in the STI management in quick succession. Wildies and Rinninger were only appointed to the then four-member board at the beginning of the year. Other members were Michael Apel and Aleksandar Stojanovic. The latter had already left the management board in March.
Jakob Rinninger comes from the family of Dr Kristina Stabernack and has proven himself as a professional in the consulting and financial environment. Among other things, he worked for the Management Consultancy KPMG. Andrea Wildies is recognised as an expert in the industry and has already worked for several large corporations. The STI Group intends to benefit from her expertise, particularly in the areas of strategy, sales, marketing and Process optimisation benefit.
The work of the now sole managing directors is already bearing fruit, STI reports. Turnover is increasing significantly. A new business model is being developed together with a global corporation. This project is progressing well. [infotext icon]
International company with roots in Offenbach
The STI Group goes back to a craft business founded in 1879 by master bookbinder Gustav Emil Stabernack in Offenbach. Today it is one of Europe's leading suppliers of creative displays and high-quality packaging. The Stabernack family still owns the company, which has eight production sites in four countries. The annual turnover is stated at 290 million euros. Around 2,000 employees work for the company. STI has been the company's umbrella brand since 1998 and stands for „Service, Technology, International“. [/infotext]
