A change of leadership marked the top financial management of the SSI Schaefer Group. Michael Herbert took over the position of Chief Financial Officer on 1 September 2026 and succeeded Olaf Hedden.
The SSI Schaefer Group appointed Michael Herbert as Chief Financial Officer with effect from 1 September 2026. In this role, he took over the duties of Olaf Hedden, who left the company at his own request on 31 August 2026.
Michael Herbert had already been working at SSI Schaefer for three years as Senior Vice President Finance and brought extensive experience in financial management to his new position. In this function, he played a key role in shaping Group Finance and was responsible for central initiatives in the financial management of the company. By appointing a candidate from its own ranks, the group opted for continuity, stability and the values that defined the family-owned business.
Contribution of the predecessor
Olaf Hedden had taken over the role of CFO in October 2023. During a critical phase for the company, he made a significant contribution to the further development of the group through his extensive experience. The Advisory Board and Management Board thanked him for his commitment and valuable contribution and wished him all the best for the future.
Peter Edelmann, CEO of the SSI Schaefer Group, described Michael Herbert as an experienced financial expert who knew the company and its strategic goals very well. According to Edelmann, the appointment represented both continuity and the consistent further development of the financial management. He also expressed personal thanks to Olaf Hedden for the successful collaboration in the past years.
Continuity in top management
The transition secured a stable phase for the top financial management of the group. With Michael Herbert, an executive familiar with the internal structures and strategic objectives took responsibility for Group Finance and thereby ensured reliable framework conditions for the further development of the family-owned business.
Source: SSI Schaefer
