Michael Flieger appointed as new Chief Financial Officer of Hager Group

Succeeding Philippe Ferragu, Michael Flieger will be continuing a tradition of financial excellence for further growth and success.

Hager Group appoints Michael Flieger as the new Chief Financial Officer (CFO), effective September 1st, 2023. Michael will succeed Philippe Ferragu, who has played a pivotal role in the company's financial success since 2006.

Michael joined Hager Group in 2020 as Group Product Management Vice President and brings extensive experience in both customer and industrial environments within the electrical and lighting business. With his strong background in end-to-end business ownership, exceptional product management skills, and profound financial acumen, Michael is poised to impact the company’s financial stability and growth significantly.

“Michael’s broad experience and outstanding leadership skills will play a key role in ensuring the continued financial stability and growth of our business”, says Daniel Hager, Chief Executive Officer of Hager Group. And Günther Fleig, Chairman of the Supervisory Board of Hager SE, adds, “We are confident that Michael's international and strategic insight will make a significant contribution to the company’s success in the future.”

Having graduated from the University of Würzburg and the European Business Management School in Wales, Michael began his career at KPMG before joining Osram Group in 2003. Throughout his professional journey before joining Hager Group, he held various positions across Europe, Asia, and America, culminating in his role as CEO of Osram Group for the USA and Canada.

In acknowledging the exceptional contributions of Philippe Ferragu, the outgoing CFO, Daniel Hager expresses his gratitude, stating, "Philippe's dedication and contributions, particularly in driving our digital transformation and managing our financial and legal departments, have been invaluable. His financial expertise has helped us navigate challenging times and make informed decisions. Both the company and I owe him an immense debt of gratitude."