Swiss-based global floorcoverings specialist Forbo Group has announced that CFO Andreas Spreiter will leave the company at the end of May 2017 for an ‘extended break’.

Andreas, who has held the position of CFO for the last 15 years, will continue in his current role until the date the next year, with his successor yet to be confirmed.

Forbo said in a statement: “The Board of Directors thanks Andreas Spreiter for the good and successful work he has accomplished. Forbo will announce succession arrangements at a later date.”

Forbo, which has been established since 1928 and is based in Baar, Switzerland, is a leading manufacturer of floor coverings and generated net sales of CHF 1,139.1million in 2015, employing over 5,000 staff.