The audio specialist has been recognized as one of Germany's best-managed companies
Wedemark, May 27, 2024 – The Sennheiser Group has been awarded as "Best Managed Company" 2024. This prize, presented by Deloitte Private, UBS, the Frankfurter Allgemeine Zeitung, and the Federation of German Industries (BDI), honors exceptionally well-managed companies. For Sennheiser, this recognition is not only a confirmation of its successful growth strategy and innovative strength but also an appreciation of its strong corporate culture.
"We are very pleased to be recognized as a Best Managed Company. Our goal is to build the future of audio – achieving this requires a clear strategy, investments in the future, and courageous decisions. This is what we understand as responsible corporate management," says co-CEO Andreas Sennheiser. Among the company’s major strategic decisions of recent years is its focus on the professional audio business, which was accompanied by the exit from the consumer electronics business. A decision that enabled the family-owned company to further expand its strong position in the professional audio market.
"As an independent family business, we aim to grow sustainably on our own. To achieve this, we invest in our core competencies based on our strategy, and thus in the future. Of course, we act prudently and plan for the long term," adds co-CEO Daniel Sennheiser. Research and Development has been one of the company's most important investment areas for years. Strengthening the company's own supply chain to remain as independent as possible from global supply chains, advancing digitalization, and exploring new business fields are also central themes of the investment strategy.
Evaluation in four areas
The "Best Managed Company" award, presented by Deloitte Private, UBS, the Frankfurter Allgemeine Zeitung, and the Federation of German Industries (BDI), honors exceptionally well-managed companies. The evaluation is based on four key areas: 'Strategy,' 'Productivity and Innovation,' 'Culture and Commitment,' and 'Finance and Governance.' Sennheiser's unique corporate culture plays a significant role in this recognition. "We are very grateful for the amazing team we get to work with every day at Sennheiser; a globally diverse team where everyone gives their best daily to create unique sound experiences for our customers," explains co-CEO Daniel Sennheiser. His brother, Andreas Sennheiser, adds, "All the products and services we offer to our customers are based on the knowledge, experience, and passion of our employees. Therefore, it is essential to preserve our unique corporate culture. Additionally, we constantly question what we know, what we do, what we are capable of, and what new skills we need to acquire as a team."
International competition for best-managed companies
For the jury, the award winners are a role model for other companies to shape the future with strategic vision, innovative strength, a sustainable management culture and good corporate governance. "Sennheiser and the other award-winning companies are a strong foundation of our economy. They are doers, innovation leaders, and are committed to sustainable corporate management. These companies look far into the future and do not just think quarter to quarter. This is exactly why they deserve their recognition as a Best Managed Company," says Markus Seiz, Director at Deloitte Private and Head of the Best Managed Companies Program. With this award, Sennheiser now joins a network of the best-managed mid-sized companies in more than 45 countries. The award ceremony took place on May 23 in Frankfurt.
A graduate of DeVry Institute of Technology, Doug has been in the Technology industry since 1976 and actively oversees Fearing’s daily operations. Along with his wife, Lois, and three others, Doug started Fearing’s in a 600 square-foot facility in Portage, Wisconsin. In the 25 years since, the company has grown to over 30 employees with offices in Madison and Milwaukee, Wisconsin. Doug likes to say he’s a “TV Technician with a dream� going back to his history with the family’s original business-Fearing’s TV and Appliance.
Doug values time with family, watersports, hiking, snowshoeing and skiing. In addition to being a devoted member of his church, Doug serves as Board President for Kinship Mentoring of Columbia County, Board member of Schools for Haiti and Scripture Chair of the Gideons-Portage camp.
A graduate of MATC, Lois oversees Fearing’s daily book keeping along with various HR responsibilities.
Along with Doug, Lois is deeply connected to community outreach, serving as a Board member and Fundraising Committee Chairperson for Kinship Mentoring of Columbia County. She also serves on the Schools for Haiti Fundraising committee. In addition, Lois’ ongoing passion and commitment to provide care for the elderly comes from her 10-year history of working in a Reedsburg, Wisconsin Nursing home.
Lois enjoys singing, hiking, sunny days on the pontoon, and spending time with her 4 grandchildren.
Ehren drives Fearing’s technology by continually seeking out trends to enhance capabilities while supporting Sales, Engineering and Installation teams. Throughout his years with Fearing’s, Ehren’s talent and vision have joined forces to create a wide variety of projects and strategic solutions that exceed expectation.
Ehren loves music, family time, movies, nature, sustainability efforts and electric vehicles.
With 10 years with Fearing’s and over twice that long in the industry, Ben continues to lead, coordinate, and develop the Commercial AV team.
By consistently delivering an outstanding experience and outcome, Ben contributes to the Fearing’s legacy of long-lasting partnerships that truly make a difference. Whatever the Commercial AV need may be, Ben and team deliver at the highest level.
Ben is an avid fisherman and photographer. He enjoys coaching his sons and other youth.
Chris has been with Fearing’s for 20 years and in the industry for over 2 decades. As a Certified leader in Sales Acceleration and trained in EOS (Entrepreneurial Operating Systems), Chris successfully utilizes his skills to lead the Fearing’s Salesforce. Chris and team are motivated and driven to develop new client partnerships while continuing to reinforce loyal long-term relationships with ongoing Service excellence.
Married for 19 years with 3 children, Chris enjoys skiing, hiking, fishing, boating, hunting, camping and golf. He’s also been actively involved as a Youth Football and Softball coach for his family and others.
