Franke Group Merges Two Divisions
The Franke Group Board of Directors has decided to combine its core competencies in the areas of food preparation, cooking and exhaust air purification for domestic kitchens and to merge its two divisions – Faber Hoods & Cooking Systems (Faber) and Franke Kitchen Systems. The organizational adjustments will take place gradually with immediate effect. The new division will be operational on January 1, 2021.
Barbara Borra, president/CEO of Franke Kitchen Systems and Franke Management Board member, will assume responsibility for the new division. The chemical engineer joined the Franke Group in her current position in January 2019 and was previously CEO EMEA at Fontana Group.
As part of these changes, Ettore Zoboli, president/CEO of Faber and Franke Management Board member, has decided to leave the Franke Group at the end of August 2020 to take on new challenges.
“The merger is the next logical step to further consolidate and expand our leading global market position in the areas of food preparation (sink and tap) and cooking (extractor hood and hob) for both Franke and Faber brands. By joining forces, we will be able to make even better use of our know-how, experience and complementary skills in the future. This will help us to deepen existing customer relationships and win new ones, for example through stronger innovation, an attractive range of selected products or simpler sales and service structures,” said Patrik Wohlhauser, CEO of the Franke Group.