Drägerwerk
#5336
Rank
$1.39B
Marketcap
 Germany
 Germany 
Country
Mr. Stefan A. Drager B.A. (Chairman of the Exec. Board - Drägerwerk Verwaltungs AG)
Mr. Gert-Hartwig Lescow (CFO, Exec. Board Member for IT & Vice Chairman of Exec. Board - Drägerwerk Verwaltungs AG)
Mr. Anton Schrofner (Exec. Board Member for Medical Division - Drägerwerk Verwaltungs AG)
Summary
History
The company was founded in Lübeck in 1889 as Dräger & Gerling by J. Heinrich Dräger and Carl Adolf Gerling. The first patent was taken out for a reduction device for using carbon dioxide to dispense beer. In 1902 Heinrich Dräger's son Bernhard entered the management; from then on, the company was named Drägerwerk Heinr. und Bernh. Dräger. Since 1970, Drägerwerk has been a public limited company, or Aktiengesellschaft in German.
In 2003, the aerospace division was sold to Cobham plc. In July 2006, it was announced that Draeger Aerospace GmbH had been acquired by B/E Aerospace, Inc.As a result of the COVID-19 pandemic, demand for the Draeger's ventilators skyrocketed. In February 2020, the production capacity was doubled and is to be doubled again . The German federal government commissioned the company with 10,000 devices, which were to be delivered in the course of 2020. Ultimately, only 1,557 devices were delivered, and the rest canceled. An even larger part of the production is sold abroad. In addition, the production of respiratory masks was doubled.
According to an article in New York Times, Xavier Becerra , made the statement that they plan to order approximately 1 Million medical ventilators whenever he takes office. In the course of this statement, he named Dräger under the potential suppliers, regarding to fight against Covid19.
Mission
Vision
Key Team
Mr. Rainer Klug (Exec. Board Member for Safety Division - Drägerwerk Verwaltungs AG)
Dr. Reiner Piske (Exec. Board Member for Sales & HR - Drägerwerk Verwaltungs AG)
Stephan Kruse (Pres Bus. Unit Therapy, Medical Div. & Member of Supervisory Board)
Thomas Fischler (Head of Treasury & Investor Relations)
Mr. Welf Böttcher (Head of Corp. Communications)
Recognition and Awards
References
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Mr. Stefan A. Drager B.A. (Chairman of the Exec. Board - Drägerwerk Verwaltungs AG)
Mr. Gert-Hartwig Lescow (CFO, Exec. Board Member for IT & Vice Chairman of Exec. Board - Drägerwerk Verwaltungs AG)
Mr. Anton Schrofner (Exec. Board Member for Medical Division - Drägerwerk Verwaltungs AG)
