LR Health & Beauty appointed Martin Lipp as Chief Financial Officer. Lipp has more than two decades of leadership experience in international companies across three continents, working within finance, healthcare, consumer goods, automotive and renewable energy.

“With Martin Lipp, we are gaining a highly experienced international finance executive with extensive expertise in managing and transforming businesses,” said Jörg Körfer, LR Group CEO. “During the current transition phase, he will enrich the senior management in particular with his strong transformation expertise and excellent know-how in the areas of finance, operations and IT. Together, we will consistently drive forward the implementation of our strategy with a clear focus on profitability, efficiency and sustainable growth.”

Lipp now joins the Executive Management Team and will be responsible for Global Controlling & Finance, Legal, IT and Operations.

“I am very much looking forward to my new role at LR and the trust placed in me,” Lipp said. “The company has a strong brand and an attractive business model, which I see as offering significant potential. Together with the management team and our employees, I want to contribute to returning the LR Group to a path of sustainable and profitable growth.”