The Munich-based international manufacturer Cherry SE has appointed KPMG AG Wirtschaftsprüfungsgesellschaft as its new statutory auditor for the audit of the annual financial statements and consolidated financial statements for the 2025 financial year. This appointment follows a court decision that granted the Supervisory Board's request, creating a significant change in the company's financial oversight structure.
The previous auditor, RSM Ebner Stolz AG, had declined to accept the audit engagement, as announced in an ad hoc announcement in November 2025. This development necessitated the Supervisory Board to seek a replacement to ensure continuity in the auditing process, a critical component of corporate governance and financial transparency.
Jurjen Jongma, CFO of Cherry SE, stated that the company welcomes the court's timely decision. "By appointing KPMG, we are engaging an auditor of the highest reputation and expertise, which will accompany our development in an auditing capacity," Jongma said. "We are convinced that this appointment provides a robust and future-proof foundation for the audit of our financial statements."
James Burns, Deputy Chairman of the Supervisory Board and Chairman of the Audit Committee of Cherry SE, emphasized the board's proactive approach. "The Supervisory Board acted promptly to ensure the continuity of the audit," Burns noted. "The appointment of KPMG is an important step in supporting the Audit Committee in its review of the financial reporting and other monitoring tasks to ensure the proper financial reporting of Cherry SE."
This auditor change carries implications for investors, regulators, and the broader technology and healthcare sectors where Cherry operates. The appointment of a globally recognized firm like KPMG signals Cherry SE's commitment to maintaining high standards of financial accountability and transparency. For stakeholders, this transition provides assurance that the company's financial statements will undergo rigorous examination by an auditor with extensive international experience.
The decision may influence how other companies in similar situations approach auditor transitions, particularly when previous auditors decline engagements. The court's involvement in approving the appointment adds a layer of regulatory oversight that reinforces the legitimacy of the process. Cherry SE, which manufactures computer input devices and digital healthcare solutions, maintains its operational headquarters in Germany with additional sites in China, Austria, and multiple sales offices worldwide. More information about the company is available at https://ir.cherry.de/en/.
For the technology and healthcare industries, this development highlights the importance of stable auditing relationships in maintaining investor confidence. Companies operating in multiple international markets face complex financial reporting requirements that demand experienced auditors capable of navigating diverse regulatory environments. The appointment of KPMG positions Cherry SE to meet these challenges while providing stakeholders with reliable financial information essential for informed decision-making.
