Changes in the composition of the Executive Board and in the Group’s organisational structure
The Linde AG Supervisory Board appointed Dr Christian Bruch and Bernd Eulitz as new members of the Executive Board with effect from 1 January 2015. Christian Bruch assumed responsibility for the Group’s Engineering Division, while Bernd Eulitz is the Executive Board member responsible for the EMEA segment of the Group’s gases business. Each operational member of the Executive Board is now responsible for one of the Group’s segments. The reportable segments in the Gases Division (EMEA, Asia/Pacific and the Americas) therefore correspond to the operating segments.
In addition, the Executive Board decided to make changes to the Group’s organisational model with effect from 15 January 2015. Within the EMEA segment, this resulted in RBU Continental & Northern Europe being divided into three new RBUs – RBU Central Europe, RBU Northern Europe and RBU Southern Europe. Within the Asia/Pacific segment, the Group expanded RBU Greater China to include South Korea, an important market especially for Linde’s electronic gases business. The new RBU is called RBU East Asia. At the same time, RBU South & East Asia was renamed RBU South Asia & ASEAN. The three reportable segments in the Gases Division therefore now comprise nine Regional Business Units.