Company profile The Blum Group is an international, family-owned business that specialises in the production and distribution of furniture fittings. Our main product groups are lift, hinge, pull-out and pocket systems. In order to make daily life easier for our customers and partners, Blum also offers an extensive range of complementary services to meet their individual requirements needs. These include pre-assembled drawers, logistically optimised packaging solutions and online configuration tools. Furthermore, we offer customised assembly devices and comprehensive digital services for marketing, purchasing, assembly and installation. Our aim is to provide furniture manufacturers with the most comprehensive support possible. Blum has eight plants in the Vorarlberg region of Austria, along with production sites in Poland, Brazil, China and the USA. The company also has 34 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 the 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 Executive Board of Julius Blum GmbH is appointed by Blum Group Holding GmbH as the sole shareholder. Both Managing Directors are members of the Executive Board of Julius Blum GmbH. 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 Austrian 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 segments and interdisciplinary roles. The segments are led by separate steering teams, which in turn answer to the Managing Directors. ➔ GRI 2-9, GRI 2-10, GRI 2-11, GRI 2-15, GRI 2-16 Company profile 8 © Copyright by Blum
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