Varta expands executive board to include Technology Department

Battery manufacturer Varta AG has enlarged its executive board to include Rainer Hald, the company’s 52-year-old Chief Technology Officer (CTO) as the third member of the body alongside Armin Hessenberger (CFO) and the Chairman, Herbert Schein (CEO) effective 1 January 2022.

Michael Tojner, chairman of the Supervisory Board of Varta AG said: “Researching, developing and breaking new ground is part of Varta’s DNA and has made us the innovation leader in the industry. Since 2013, Rainer Hald has been driving the great technological visions of Varta and will be an excellent addition to the successful Executive Board. With this step, Varta has set the course for the next growth phase also at Board level.”

CEO Herbert Schein added: “I have already worked very closely and trustingly with Rainer Hald for the past ten years and I am looking forward to continuing this good cooperation at Board level. Rainer Hald has been a successful CTO for many years. His appointment is also a sign that VARTA already is a technology company today and that we will continue to expand our technological lead in the future. ”

Rainer Hald, who holds a degree in engineering, has been with Varta since 2000, where he held various management positions. Hald has been chief technology officer of Varta AG since 2013.