The Supervisory Board of Masterflex SE has decided to extend the contracts of Executive Board members Dr Andreas Bastin (CEO) and Mark Becks (CFO) on a long-term basis. The contract of CEO Dr Andreas Bastin was extended until 31 December 2028 and the contract of CFO Mark Becks until 31 December 2030.
"In recent years, Masterflex SE has established itself as a leading provider in its market segment with its innovative product range and its clear focus on sustainable and specialised solutions. Dr Andreas Bastin and Mark Becks have contributed significantly to the company's success by driving its strategic development while ensuring operational excellence and growing profitability. In addition, their personal shareholding of 6.61 per cent in the company underlines their strong confidence in the long-term development of Masterflex. In view of the targeted growth course, continuity in corporate management is an important factor for the company's continued success story and the positioning of Masterflex as a leading specialist for hose and connection systems. The long-term orientation ensures that the ambitious goals for the coming years can be consistently realised," says Georg van Hall, Chairman of the Supervisory Board of Masterflex SE.
Dr Andreas Bastin, CEO of Masterflex SE: "I would like to thank the Supervisory Board for its trust and look forward to continuing to drive the growth of Masterflex SE together with our team in the coming years. With our Hero@Zero programme for the future, we have created the basis for placing an even greater focus on innovation and sustainability. In doing so, we are placing a clear focus on high-margin products and preparing for the transition to a circular economy. The course has been set for the future, but our journey is far from over. We still have a lot to do and will continue to seize the opportunities ahead of us with passion and determination in order to continuously develop Masterflex strategically, technologically and operationally and to sustainably strengthen and further expand our leading market position in the field of hose and connection technology."
Mark Becks, CFO of Masterflex SE: "In recent years, we have achieved a great deal in a challenging environment and successfully brought Masterflex to a high margin level. I look forward to continuing to be part of this dedicated team and to shaping the future of the company together. Our medium-term goal of reaching a revenue level of 200 million euros by 2030 through organic growth and targeted acquisitions is a vision that drives us forward and leads Masterflex into the next phase of growth."
