Hugo Boss Announces Changes in Supervisory Board Leadership

Hugo Boss, the renowned German luxury fashion brand, is set to undergo significant leadership changes within its supervisory board. As the company prepares for its upcoming Annual Shareholders’ Meeting on May 15, 2025, it has been revealed that Stephan Sturm is being proposed as the next chairman of the board, succeeding Hermann Waldemer, who has held the position for the past five years.

Stephan Sturm, aged 61, brings with him a wealth of experience and financial acumen. His extensive career includes a notable tenure as Chief Financial Officer and later as Chairman of the Management Board at Fresenius Group, where he played a key role in driving the company’s impressive growth. Additionally, Sturm has served on various supervisory boards, including those of Fresenius Medical Care and Lufthansa, where he notably chaired the audit committee.

Joining Sturm in the elections will be Andreas Kurali, 59, and Michael Murray, 35, who are vying for seats on the supervisory board. They will replace departing members Gaetano Marzotto and Robin J. Stalker, alongside outgoing chairman Hermann Waldemer. Kurali, a graduate in business administration, has dedicated over three decades to Philip Morris International, serving in numerous senior finance roles across the globe. Most recently, he was the Deputy Chief Financial Officer and led finance transformation initiatives for the company.

Meanwhile, Michael Murray, who holds a degree in real estate, has been a key figure at Frasers Group for nearly a decade. Initially brought in as a consultant, he rose through the ranks to lead the company’s premium segment and digital initiatives as Chief Executive Officer since 2022.

Hermann Waldemer expressed his confidence in the future of Hugo Boss, emphasizing the significance of the board’s new members. He remarked that Sturm’s appointment exemplifies the type of leadership the board seeks to cultivate, ensuring that the company continues to thrive in the competitive fashion landscape.

As the transition unfolds, stakeholders and fashion enthusiasts alike will undoubtedly keep a close eye on how these changes will shape the direction of Hugo Boss and its operations moving forward. The groundwork has been laid for a promising future under the guidance of a seasoned and dynamic leadership team.