Vanderbilt Names New Chief Financial Officer

Vanderbilt, a global leader in the delivery of innovative, highly reliable technologies that help organizations ensure safety and security, today announced the addition of Jürgen Schnöbel as Chief Financial Officer.

Schnöbel has worked in the security industry since 2001. Over the past 12 years, he has served as the Vice President of Finance for HID Global with worldwide responsibility for its business units AdvanIDe and Identification Technologies (IDT), as well as for GovID and Identity Access Management (IAM) in the EMEA region. During his tenure at HID Global, Schnöbel was instrumental in the growth of the AdvanIDe business, which more than tripled in sales revenue during his time with the organization. He also was responsible for consolidating the corporate legal structure in Europe, the implementation of various restructuring programs to maximize cost efficiencies and the adoption of internal improvement processes that helped optimize workflows and service levels. Over the course of his career, he also has held senior-level positions with boeder Holding, Krone Kommunikationstechnik and Picker International. He holds an MBA from the University of Applied Science with an emphasis on accounting, taxes and audit.

"I am excited to join the Vanderbilt team and look forward to helping further establish the company's presence in the global marketplace," Schnöbel said. "I am looking forward to being a part of Vanderbilt's growing organization where I can offer my experience in corporate finance, accounting, business administration and process improvement to this expanding marketplace."

Schnöbel will oversee financial management of the company from its new international headquarters in Wiesbaden, Germany, which was established in February as part of Vanderbilt's agreement to acquire Siemens' Security Products, part of the Siemens Building Technologies business. The acquisition, scheduled to close in the second quarter of 2015, expands Vanderbilt's global presence and further boosts its technology and service capabilities.

"Jürgen brings his extensive knowledge of finance and administration on a corporate level to the Vanderbilt team, which will help our company continue to build its presence in the global marketplace," said Joe Grillo, CEO, Vanderbilt. "His broad knowledge of corporate structure, compliance, financial reporting, IT and HR will serve Vanderbilt as we complete our acquisition of Siemens Security Products, and then improve and grow the business."