Stuttgart, Germany-based RIB Software − since July 2020 part of French multinational Schneider Electric (post) − has announced that René Wolf will become managing director and CEO of the company with effect from 1 February 2022, succeeding Tom Wolf, who will step down as MD on 31 March 2022.
René Wolf, 47, has many years of experience in the development and sale of international software solutions and in the digital transformation of traditional industries. He has worked for the Siemens Group in North and Latin America as well as in Germany in various management positions and corporate divisions.
Tobias Hamacher, 40, has been appointed managing director and CFO with immediate effect. Hamacher has many years of finance experience in the Schneider Group, and succeeds Michael Sauer, who will also step down on 31 March 2022.
Tom Wolf and Michael Sauer intend to remain members of the administrative board of the company until the end of their term in 2025, with Wolf retaining his position as chairman of the board.
In the year to 31 December 2020, RIB grew its revenues 24% to €254.6 million (c. £217m or US$301m) from 2019’s €214.6m and its operating EBITDA grew 27.5% to €65.3m (c. £56m or US$77m), and it continued to expand internationally, with a quarter of revenues now derived from north America (read RIB Group grows revenues 24% in 2020 – April 2021).