10.01.2017
Nabaltec AG DE000A0KPPR7
DGAP-News: Nabaltec AG: Management Board expanded to three members and new members appointed from the company's own ranks
DGAP-News: Nabaltec AG / Key word(s): Change of Personnel
Nabaltec AG: Management Board expanded to three members and new members
appointed from the company's own ranks
10.01.2017 / 10:00
The issuer is solely responsible for the content of this announcement.
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Nabaltec AG: Management Board expanded to three members and new members
appointed from the company's own ranks
- Gerhard Witzany resigned from the Management Board at the end of last
year for reasons of age;
- Günther Spitzer (CFO) and Dr. Michael Klimes (COO) join the Management
Board alongside long-serving member Johannes Heckmann (CEO).
Schwandorf, 10 January 2017 - Management Board member Gerhard Witzany
resigned from the Nabaltec AG Management Board on 31 December 2016 for
reasons of age. A third member was added to the Management Board and the
two new members were appointed to five-year terms by the Supervisory Board
on 1 January 2017. Alongside Johannes Heckmann, who will serve as
Management Board Chairman and CEO, Günther Spitzer will be responsible for
Finance/Controlling and for Administration/HR as the new CFO and Dr.
Michael Klimes, as COO, will be responsible for Production and Sales, as
well as for R&D/Technical Service.
"With Mr. Günther Spitzer, the long-serving head of our Controlling/Finance
department, and Dr. Michael Klimes, who has served until now as head of the
business division "Functional Fillers," we are adding two members to our
Management Board who have already proven themselves in the company and who
know Nabaltec AG inside and out," said Johannes Heckmann, Nabaltec AG's
Management Board Chairman and CEO. "We are very pleased with this
development as it means that, at the top as well, we will be well-
positioned in the future to further develop our innovative capacity and
continue to grow with a strong three-member Management Board."
After undergoing training as an industrial clerk, Günther Spitzer began his
professional career in 1985 with VAW aluminium AG, at the Schwandorf plant.
He has been in charge of Nabaltec AG's finance department since 2009, where
he was responsible e.g. for optimizing Nabaltec's financing structure.
After completing his studies in chemistry at the Darmstadt University of
Technology and his graduate work and doctorate at the German Institute for
Polymers in Darmstadt, Dr. Michael Klimes went to work for VAW aluminium AG
in 1992, in the Speciality Alumina division, where he was responsible in
particular for sales of APYRAL(R) in Central Europe. Dr. Michael Klimes has
served as the head of the business division "Functional Fillers" since
2007.
Outgoing Management Board member Gerhard Witzany and his family will
continue to have a close relationship with the company as major
shareholders. Joining Nabaltec AG in 1994, Gerhard Witzany managed the
company from 1994 to 2016 together with Johannes Heckmann. "Gerhard Witzany
played a decisive role in Nabaltec AG's current positioning as an advanced
and innovative chemicals company," said Johannes Heckmann. "I can only
thank him for his consistently helpful and constructive collaboration and
wish Mr. Gerhard Witzany all the best on behalf of our employees as well in
his well-earned retirement."
To date, Nabaltec AG has developed into an innovative chemicals company
which has been able to establish itself in highly specialized markets
worldwide through steady research and development work.
Supervisory Board Chairman Dr. Leopold von Heimendahl stated as follows:
"The Supervisory Board accepted Mr. Gerhard Witzany's decision last year
with regret. We would like to thank him for his consistently strong and
trusting collaboration and for the skill and commitment with which Mr.
Gerhard Witzany performed his tasks. We are certain that the new Management
Board, under the leadership of Mr. Johannes Heckmann, and with Günther
Spitzer as financial expert and Dr. Michael Klimes as a top-notch industry
expert, will position Nabaltec AG to post strong growth in the future as
well." Gerhard Witzany will be a candidate for election to Nabaltec AG's
Supervisory Board at the upcoming 2017 Annual General Meeting.
About Nabaltec AG:
Nabaltec AG, with registered office in Schwandorf, a chemicals business
which has received multiple awards for innovativeness, manufactures,
develops and distributes highly specialized products based on aluminum
hydroxide ("ATH") and aluminum oxide, as well as other raw materials, on an
industrial scale through its two product segments, "Functional Fillers" and
"Technical Ceramics." The company's product range includes halogen-free
flame retardant fillers and functional additives for the plastics industry.
Flame retardant fillers are used e.g. in cables in tunnels, airports, high-
rise buildings and electronic devices, while additives have applications in
catalysis and in electric vehicles. Nabaltec also produces base materials
for use in technical ceramics and the refractory industry. Unlike
halogenated flame retardants, flame retardant fillers contain no hazardous
substances and do not require separate disposal. Rather, they actually
decrease the development of fumes hazardous to human health and the
environment in the event of fire. Nabaltec maintains production sites in
Germany and the US and plans to continue to develop its market position by
expanding capacity, further optimizing processes and quality and making
strategic extensions to its product range. On the strength of its specialty
products, the company strives to attain the market leadership in each
segment.
Contact:
Heidi Wiendl-Schneller
Nabaltec AG
Phone: +49 9431 53-202
Fax: +49 9431 53-260
E-mail: [email protected]
Frank Ostermair/Vera Müller
Better Orange IR & HV AG
Phone: +49 89 8896906-14
Fax: +49 89 8896906-66
E-mail: [email protected]
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10.01.2017 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.
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Language: English
Company: Nabaltec AG
Alustraße 50-52
92421 Schwandorf
Germany
Phone: +49 9431 53-0
Fax: +49 9431 53-260
E-mail: [email protected]
Internet: www.nabaltec.de
ISIN: DE000A0KPPR7, DE000A1EWL99
WKN: A0KPPR, A1EWL9
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart, Tradegate Exchange; Open Market (Entry
Standard) in Frankfurt
End of News DGAP News Service
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