03.08.2016
BayWa AG DE0005194062
DGAP-News: BayWa AG: CEO Lutz appointed until 2022
DGAP-News: BayWa AG / Key word(s): Change of Personnel
BayWa AG: CEO Lutz appointed until 2022
03.08.2016 / 13:09
The issuer is solely responsible for the content of this announcement.
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BayWa: CEO Lutz appointed until 2022
On 3 August 2016, the Supervisory Board of BayWa AG, Munich, unanimously
voted to appoint Klaus Josef Lutz (58) as Chairman of the Management Board
for an additional term of office until 2022. This decision extends Lutz'
existing contract, which terminates on 30 June 2017, for another five
years. "With this decision, the Supervisory Board places its unreserved
trust in Mr Lutz and sets a clear signal for the strategic course of
international growth he has embarked on," explained Chairman of the
Supervisory Board Manfred Nüssel. At the same time, according to the
president of Deutsche Raiffeisenverband e.V., extending the contract this
year ensures the necessary continuity in the management of the company.
Klaus Josef Lutz joined the stock-listed company as Chief Executive Officer
in 2008. The eight years under his management have been characterised by
growth and an intensive internationalisation process, especially in the
agriculture and renewable energy sectors. Lutz' strategy has further
strengthened the traditional agriculture segment at BayWa which has enjoyed
over 90 years of success. At the same time, his vision is helping optimise
the business for the future.
Through acquisitions such as Cefetra B.V., Wessex Grain Ltd. and Evergrain
Germany GmbH & Co. KG, BayWa has developed into one of the leading
agricultural trading companies in the world, while keeping its main focus
in Europe. For example, the sale of grains in the past few years grew from
approximately 5 million tonnes to approximately 35 million tonnes in 2015.
BayWa also expanded its fruit business internationally through the
acquisition of the majority shares in T&G Global Limited, a globally acting
fruit trading company. With the acquisition of TFC Holland B.V, BayWa
additionally became an international player in the tropical fruit business.
Since 2008, revenues in the fruit business have constantly risen, leading
to a record-high of almost EUR600 million in 2015.
Klaus Josef Lutz was the key driver in establishing the Renewable Energies
business unit, which has been characterised by an international focus from
the start. The planning, construction and sale of large-scale systems for
power generation using wind and solar energy made BayWa r.e. renewable
energy GmbH, where all renewable activities in the Group are bundled, a
leading company in the industry in Europe. In 2015, revenues broke the EUR1
billion mark for the first time.
From the start, the CEO directed BayWa towards areas of growth and worked
to streamline the portfolio by selling non-strategic holdings and
businesses such as the DIY and garden centres business. The international
agriculture and renewable energies activities now contribute more than 55
percent to the operative EBIT of BayWa. The dividend payment per share has
risen continuously from EUR0.40 in 2008 to EUR0.85 in 2015.
For the future, the CEO views the digitalisation of the company in
conjunction with targeted growth in the international agricultural and
renewable energies businesses as the key focus. "As a trading company, we
will position ourselves clearly for a digital future and want to assume a
leading role in digital farming in Europe in particular," said Klaus Josef
Lutz.
Born in Munich, Klaus Josef Lutz studied Law at the Ludwig-Maximilian
University in Munich. He started his career as a lawyer but soon assumed
managerial positions in a number of different sectors which enabled him to
gain extensive experience, above all in the restructuring and development
of companies.
Among other positions, Lutz was General Manager of Digital Equipment GmbH,
Chief Executive Officer of DITEC Informationstechnologie AG, General
Manager of Burda Druck GmbH and Chief Executive Officer of i-center
Beteiligungen AG. His last post before joining BayWa was as General Manager
of Süddeutscher Verlag GmbH.
Since July 2008, Lutz has been Chief Executive Officer of BayWa AG. The
company's business activities are comprised under the Agriculture, Building
Materials and Energy segments, with a special focus on renewable energies.
In addition, Klaus Josef Lutz is on the supervisory boards of a number of
listed and private companies, including Euro Pool System International,
Rijswijk/ Netherlands (Chairman), WHG mbH, Klagenfurt/ Austria (Chairman),
T&G Global Limited, Auckland/ New Zealand (Chairman), RWA AG, Vienna/
Austria (Member of the Supervisory Board) and Giesecke & Devrient GmbH,
Munich/ Germany (Chairman). In 2013, Lutz was appointed honorary professor
of Managerial Economics of Co-operative Societies at the Technische
Universität München (Technical University of Munich). Since 2016, he has
been vice president of the IHK München und Oberbayern (Chamber of Commerce
and Industry of Munich and Upper Bavaria).
Contact:
Marion Danneboom, BayWa AG, Head of PR/Corporate Communications,
tel. +49 (0)89/92 22-36 80, Fax +49 (0)89/92 22-36 98,
e-mail: [email protected]
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03.08.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: BayWa AG
Arabellastraße 4
81925 München
Germany
Phone: 089/ 9222-3691
Fax: 089/ 9222-3698
E-mail: [email protected]
Internet: www.baywa.de
ISIN: DE0005194062, DE0005194005,
WKN: 519406, 519400,
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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489009 03.08.2016
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