February 20, 2025: Rolf Glessing is to take over as the CFO of German battery manufacturer Varta on March 1, the company has announced.

Glessing, who also joins the executive board, will succeed Marc Hundsdorf, who Varta said is leaving the firm at his own request and by mutual agreement.

Varta said Glessing, who most recently worked for German specialist vehicle manufacturer Kässbohrer Geländefahrzeug, has extensive experience in the financial sector.

In addition to the realignment of Varta’s finance division, he will also focus on the further development of processes and structures related to the company’s restructuring that was announced last year.

Michael Tojner, chairman of Varta’s supervisory board said Glessing had “exactly the right expertise to lead Varta back into calmer waters and onto the path to success”.

Batteries International reported last May that Varta had hired Michael Ostermann as chief executive, citing his restructuring experience as the company struggled with a return to profitable growth.