Company profile Julius Blum GmbH is a family-owned company that operates worldwide, specialising in the manufacture and distribution of furniture fittings. Our main product groups are lift, hinge, pull-out and pocket systems for furniture. To make life easier for our customers and partners, we also offer supplementary assembly devices and services to support marketing, purchasing, manufacturing and assembly processes for our products. The company has more than eight plants in the Vorarlberg region of Austria, along with production sites in Poland, Brazil, China and the USA. We also have 32 subsidiaries and representative offices around the world, which distribute our products and services to customers in more than 120 markets. Organisational structure and governance The Blum Group is an owner-managed family company. Its managing directors Martin Blum and Philipp Blum each have a 26% share in the business and the remaining 48% is held by the Blum Private Foundation. The highest management body within the Blum Group is the Executive Board of Blum Group Holding GmbH, which is sole shareholder in Julius Blum GmbH, the highest-rank operationally active company within the Group. Both managing directors of Julius Blum GmbH (hereinafter ‘the Managing Directors’) belong to the owner family, share equal rights with regard to the business and are appointed for an indefinite period. The Management Board of Julius Blum GmbH is appointed by Blum Group Holding GmbH as sole shareholder. Both the Managing Directors are members of the Management Board. The Supervisory Board of Julius Blum GmbH has six members, two of whom are selected by the works council to represent the interests of the employees, while the Supervisory Board of Blum Group Holding GmbH has three members. In accordance with the legislation (Section 22 of the German Act on Limited Liability Companies (GmbHG)), the Managing Directors Martin Blum and Philipp Blum are responsible for establishing the governance structure of Julius Blum GmbH, including the creation of the various specialist divisions. The heads of these divisions and the members of the Management Board together form the internal Corporate Management Group, which is responsible for the operational management of Julius Blum GmbH. ➔ GRI 2-9, GRI 2-10, GRI 2-11, GRI 2-15, GRI 2-16, GRI 2-19 Company profile 8 © Copyright by Blum
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