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Best Managed Company award

26 June 2023

THE SCHMERSAL Group is a winner of the Best Managed Companies Award 2023, presented by the consulting and auditing company Deloitte Private, the Frankfurter Allgemeine Zeitung and the BDI (Federation of German Industries).

The award is given to excellently managed medium-sized companies that convince in four management areas: Strategy; productivity and innovation; culture and commitment; and governance and finance.

For the Schmersal Group, this award is confirmation of the continuous development of the company's internal processes. Managing director Philip Schmersal says: "Based on our core values, we are constantly adapting our management processes to growth. In doing so, we follow the goal of being very systematic in all management decisions and taking into account as many factors as possible, while maintaining a high degree of agility. This enables us to make decisions very quickly and at the same time in a well-founded manner, with a clear head, even in the face of an ever-increasing speed of change and unforeseen events. In addition, we plan for the long term and in line with our corporate governance, which also takes into account the impact of our activities on society and the environment."

It is precisely such principles that qualify companies for this award. "A Best Managed Company like Schmersal is characterised by a forward-looking strategy, high productivity and a pronounced culture of innovation, as well as value-oriented corporate governance," explains Dr. Christine Wolter, partner and head of Deloitte Private.

Markus Seiz, best managed company program leader and director at Deloitte Private, adds: "Best Managed Companies are a strong and supporting pillar of our economy. They are innovation drivers and at the same time 'keepers of the flame' in the sense of sustainable corporate management. Such strong companies think in generations and not in quarters, which is why they deserve an award."

Schmersal is also pleased about the award, which was presented on May 25 in Düsseldorf, because it increases the visibility of the employer brand. Philip Schmersal: "We are growing continuously and are therefore always on the lookout for employees who share our values and would like to work with us in an innovative company for the safety of people and machines. When we receive an award from a globally renowned consulting firm for exemplary management culture and good corporate governance, it enhances our reputation in the competition for good employees.