NORMA Group SE has announced that its Supervisory Board has decided to reduce the company’s Management Board from three to two members, effective immediately. The board will now consist of the CEO and CFO, following the departure of Dr. Daniel Heymann, who stepped down as Chief Operating Officer on September 14, 2026, by mutual agreement. The decision reflects a broader realignment tied to the company’s transformation strategy, known as NewNORMA, which aims to make the group leaner, more transparent, and more competitive. According to the announcement, the change is a direct response to the sale of the Water Management business and a shift in management approach, indicating that NORMA Group is recalibrating its leadership to match its reduced size and streamlined operations.
The implications of this move extend beyond a simple boardroom reshuffle. By cutting the Management Board from three to two members, NORMA Group is signaling a decisive break from its previous structure, which may have been better suited to a larger, more diversified company. The sale of the Water Management business appears to have been a pivotal event, prompting a reassessment of what leadership capabilities are needed. The reduction of the Supervisory Board from six to five members in July 2026, approved by the Annual General Meeting, further underscores a consistent effort to slim down governance layers. For investors and market observers, this could be interpreted as a cost-saving measure and a way to accelerate decision-making, but it also raises questions about the company’s growth trajectory and whether a two-person board can effectively manage the remaining portfolio.
CEO Birgit Seeger praised Dr. Heymann for his trusted and constructive collaboration, wishing him well for the future, while emphasizing that the transformation towards NewNORMA involves aligning the company with its future size and organizational setup. Mark Wilhelms, Chairman of the Supervisory Board, added that reducing the size of the Management Board will make NORMA Group more agile and enhance the Group’s competitiveness, enabling it to better leverage opportunities created as part of the transformation strategy. These statements suggest that the company views the leaner structure as a competitive advantage, particularly as it navigates an evolving industrial landscape. However, the departure of a key operational executive could also create short-term uncertainty, especially if the company faces integration or restructuring challenges.
NORMA Group, an international market leader in engineered and standardized connecting technology, employs around 6,000 people and supplies customers in over 100 countries with more than 40,000 product solutions. In 2025, the company generated sales of approximately EUR 820 million and operates a global network of 19 production sites. Listed on the Frankfurt Stock Exchange in the regulated market (Prime Standard) and a member of the SDAX, NORMA Group’s restructuring is likely to be closely watched by investors. Additional information on the company is available at www.normagroup.com. The original release can be viewed on www.newmediawire.com. As the company moves forward with a two-person board, the market will be assessing whether this streamlined leadership can deliver on the promised agility and competitiveness, or whether it introduces new risks in a challenging economic environment.
