REG - Somero Enterprises - Appointment of New Chairman

Somero EnterprisesAnnouncement

17/04/2025 07:00

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RNS Number : 3676F  Somero Enterprises Inc.  17 April 2025

17 April 2025

Somero Enterprises, Inc.

("Somero" or "the Company")

 

Appointment of New Chairman

 

Somero® is pleased to announce the appointment of Robert (Bob) Scheuer as
Non-Executive Chairman of the Board, effective 16 April 2025. As announced on
20 December 2024, outgoing Chairman Larry Horsch will remain on the Board on
an interim basis to support an orderly transition.

 

Mr. Scheuer has served on the Somero Board since 2015 as a Non-Executive
Director and Chair of the Audit Committee, a role he will continue to hold.
Alongside a deep knowledge of the business and its markets, Mr. Scheuer brings
extensive strategic, financial and operational experience, having previously
held a series of senior executive roles at Dover Corporation, a Fortune 500
industrial manufacturer.

 

Most recently, from 2011 to 2014, he served as Chief Financial Officer and
Vice President of Finance at Dover Engineered Systems, a US$3.8 billion
business segment comprising 14 operating companies. In this role, Mr. Scheuer
led a global team of over 140 employees, overseeing planning, budgeting,
forecasting, M&A, compliance and reporting. Prior to this, between 2007
and 2011, he held CFO roles at two other divisions: Dover Industrial Products
and Dover Industries.

 

Earlier in his career, Mr. Scheuer spent over a decade at Kraft Foods, Inc.,
where he held a range of financial leadership positions, including as
Controller of the US$1.7 billion Grocery Products Division.  Mr. Scheuer
received his MBA from Northwestern University J.L. Kellogg School of
Management and is a Certified Public Accountant.

 

Larry Horsch, outgoing Chairman of Somero, commented: "Bob is an ideal
successor. Over the years, he has developed a deep understanding of Somero and
brings a wealth of industry experience that is highly relevant to what the
business is working to achieve. His insight and counsel to date have been
invaluable and I am confident he will play an instrumental role in driving the
next phase of the Company's growth."

 

Bob Scheuer, incoming Chairman of Somero, commented: "I am honored to step
into the role of Chairman at such a pivotal time for Somero. Having been
involved with the Company for many years, I have seen first-hand the strength
of the team, the quality of the business and the significant opportunities
that lie ahead. With a powerful combination of fresh perspectives and healthy
continuity across our leadership, we are in a strong position to build on our
successes and deliver long-term value for shareholders."

 

For further information, please contact:

 

 Somero Enterprises, Inc.                                         www.somero.com (http://www.somero.com/)
 Tim Averkamp, CEO                                                +1 239 210 6500
 Enzo LiCausi, CFO
 Howard Hohmann, EVP Sales

 Cavendish Capital Markets Ltd (NOMAD and Broker)                 +44 (0)20 7220 0500
 Matt Goode/Seamus Fricker/Trisyia Jamaludin (Corporate Finance)
 Tim Redfern/Harriet Ward (ECM)

 Alma (Financial Communications Advisor)                          somero@almastrategic.com (mailto:somero@almastrategic.com)
 David Ison                                                       +44 (0)20 3405 0205
 Rebecca Sanders-Hewett
 Will Merison

 

Notes to Editors

 

Somero Enterprises provides industry-leading concrete-levelling equipment,
training, education and support to customers in over 90 countries. The
Company's cutting-edge technology allows its customers to install high-quality
horizontal concrete floors faster, flatter and with fewer people.
Somero(®) equipment that incorporates laser-technology and wide-placement
methods is used to place and screed the concrete slab in all building types
and has been specified for use in a wide range of commercial construction
projects for numerous global blue-chip companies.

 

Somero pioneered the Laser Screed® market in 1986 and has maintained its
market-leading position by continuing to focus on bringing new products to
market and developing patent-protected proprietary designs. In addition to its
products, Somero offers customers unparalleled global service, technical
support, training and education, reflecting the Company's emphasis on helping
its customers achieve their business and profitability goals, a key
differentiator to its peers.

 

For more information, visit www.somero.com (http://www.somero.com/)

 

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