Hugo Boss extends management contracts

The Metzingen fashion group Hugo Boss AG announced on Wednesday the early extension of the managing director’s existing employment contract Daniel Grieder announced.

“In order to ensure continuity on the Board of Directors ahead of schedule,” the CEO’s contract was extended until December 31, 2028, the statement said. With the management team around Grieder, the clothing manufacturer has record sales last year achieved. This growth should now be continued through continuity in top positions.

Hugo Boss boss Grieder has been at the helm of the company since June 2021. His second term begins on April 1, 2024.

Chief Sales Officer (CSO) Oliver Timm will also ensure stability: As of April 1, he will take on the role of deputy chairman of the board in addition to his role as CSO. Timm has also been working for the fashion group since 2021. His employment contract was also extended and so the deputy chairman of the board will initially serve in his two positions until December 31, 2026.

In addition, the contract of Yves Müller, Chief Financial Officer and Chief Operations Officer, was extended early until December 31, 2027 – this means that the board member is entering his third term in office.

“The current management team has taken Hugo Boss to a new level and is therefore largely responsible for the company’s enormous development in recent years,” says Hermann Waldemer, Chairman of the Supervisory Board of Hugo Boss. “Under the leadership of Daniel Grieder, Hugo Boss has succeeded in positioning Hugo Boss as one of the top players in the global premium clothing market in an intensely competitive environment. With the continuity of the Board of Directors, we have set the course to further exploit Hugo Boss’s growth potential in the future, and we are very pleased about their continued commitment.”