13.11.2013
SGL CARBON SE DE0007235301
DGAP-News: SGL CARBON SE: Changes in Board of Management reflect generation change and streamlining of organization within the framework of 'SGL2015'
DGAP-News: SGL CARBON SE / Key word(s): Change of Personnel
SGL CARBON SE: Changes in Board of Management reflect generation
change and streamlining of organization within the framework of
'SGL2015'
13.11.2013 / 19:26
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Changes in Board of Management reflect generation change and streamlining
of organization within the framework of 'SGL2015'
- Dr. Jürgen Köhler to assume the role of CEO from January 1, 2014,
succeeding Robert Koehler, who is retiring from the company at the age
of 65
- Board of Management streamlined to three members - structural
adjustment within the framework of the Group-wide cost savings program
'SGL2015'
- Timely implementation of generation change - strategy to be
consistently developed further
Wiesbaden, November 13, 2013. SGL Group - The Carbon Company - will
implement the change in the Group's top management as of January 1, 2014.
On this date, Robert Koehler, who will reach the age of 65 in January 2014,
will hand over his position as CEO of SGL Carbon SE to his colleague on the
Board of Management Dr. Jürgen Köhler and will leave the company. Robert
Koehler has represented and shaped the Company in this role for over 20
years, making him the longest-serving CEO among listed companies in the
main German stock market indices. During this period, he played a key role
in the Company's foundation in 1992 and the spin-off of SGL Carbon from
Hoechst AG by way of an IPO.
The change in SGL Group's top management was prepared timely and by mutual
consent within the relevant Supervisory Board and Board of Management
committees and was resolved at today's meeting of the Supervisory Board and
is characterized by a generation change in SGL Group's top management. Dr.
Köhler (born in 1960) has been working for SGL Group in various management
positions in the two Business Areas Performance Products and Carbon Fibers
& Composites since 2002, and has been a full member of the Board of
Management since June 1, 2013. Dr. Köhler, who has a PhD in process
engineering, began his career in 1992 at Hoechst AG and worked there and at
Celanese AG for more than ten years in total, of which he spent almost five
years in the U.S. He is married and has three children. This decision
stands for continuity and systematic implementation of the measures that
have already been initiated to further develop the strategy and strengthen
the profitability of SGL Group.
Susanne Klatten, Chairperson of the Supervisory Board of SGL Carbon SE:
'Thanks to the timely preparation, we have succeeded in implementing the
transition in SGL Carbon's top management in close mutual agreement in the
interests of all parties involved and above all in the interests of the
Company. The new CEO Dr. Jürgen Köhler knows the Company very well and is
already coordinating the implementation of the 'SGL2015' cost savings
program. This ensures that the already initiated strategic development of
the Company will be implemented consistently. Robert Koehler's age-related
retirement marks the end of an era for SGL Group. He has been shaping the
Company for over two decades. During this time he has turned it into one of
the world's leading technology companies. For this achievement he deserves
all our thanks and respect. On behalf of the entire Supervisory Board, I
wish him all the best for the future.'
Streamlining of Group Board of Management as element of 'SGL2015' cost
savings program
In the context of the generation change entailed by the transition in the
top management and the measures to streamline the Group's organizational
structures announced within the framework of the Group-wide cost savings
program 'SGL2015', the Board of Management of SGL Carbon SE will be reduced
from the current five members to three members as of January 1, 2014. In
addition to Dr. Jürgen Köhler assuming the position of CEO, the current
Board of Management member Armin Bruch will by mutual agreement resign and
leave the company at the end of the year. Armin Bruch, who turned 60 this
year, has worked in various management positions within the Group since
2001 and has been a member of the Board of Management since October 2008.
His responsibilities on the Board of Management will be divided among the
remaining board members. As announced in March 2013, Theodore H. Breyer
left the Board of Management as of October 31, 2013 at the age of 65.
Susanne Klatten, Chairperson of the Supervisory Board of SGL Carbon SE:
'The major changes in the Board of Management of SGL Carbon are
characterized by a generation change and a streamlining of the Group's
structures. In this context, I would also like to expressly thank Armin
Bruch for his many years of service to the company. Since 2001, he has
successfully developed the largest and most profitable Business Area
Performance Products and guided it through difficult times. I wish him all
the best for the future. I also would like to express my gratitude to
Theodore Breyer, who has left the Board of Management already at the end of
October.'
After these changes are implemented, the Board of Management of SGL Carbon
SE will consist of three members from January 1, 2014: Dr. Jürgen Köhler
(CEO), Jürgen Muth (CFO) and Dr. Gerd Wingefeld.
About SGL Group - The Carbon Company
SGL Group is one of the world's leading manufacturers of carbon-based
products and materials. It has a comprehensive portfolio ranging from
carbon and graphite products to carbon fibers and composites. SGL Group's
core competencies are its expertise in high-temperature technology as well
as its applications and engineering know-how gained over many years. These
competencies enable the Company to make full use of its broad material
base. SGL Group's carbon-based materials combine several unique properties
such as very good electrical and thermal conductivity, heat and corrosion
resistance as well as high mechanical strength combined with low weight.
Due to industrialization in the growth regions of Asia and Latin
America and increased substitution of traditional with innovative
materials, there is a growing demand for SGL Group's high-performance
materials and products. Products from SGL Group are used predominantly in
the steel, aluminum, automotive and chemical industries as well as in the
semiconductor, solar and LED sectors and in lithium-ion batteries.
Carbon-based materials and products are also being used increasingly in the
wind power, aerospace and defense industries.
With 45 production sites in Europe, North America and Asia as well as a
service network covering more than 100 countries, SGL Group is a company
with a global presence. In 2012, the Company's workforce of around 6,700
employees generated sales of EUR1,709 million. The Company's head office is
located in Wiesbaden.
Further information on the SGL Group can be found online at:
www.sglgroup.com
Additional Information:
ISIN: DE0007235301
Listing: Amtlicher Markt / Prime Standard / Frankfurter Wertpapierbörse
(Official Market / Prime Standard / Frankfurt Stock Exchange)
Company's seat: Wiesbaden
Important note:
This press release may contain forward-looking statements based on the
information currently available to us and on our current projections and
assumptions. By nature, forward-looking statements involve known and
unknown risks and uncertainties, as a consequence of which actual
developments and results can deviate significantly from these
forward-looking statements. Forward-looking statements are not to be
understood as guarantees. Rather, future developments and results depend on
a number of factors; they entail various risks and unanticipated
circumstances and are based on assumptions which may prove to be
inaccurate. These risks and uncertainties include, for example,
unforeseeable changes in political, economic, legal, and business
conditions, particularly relating to our main customer industries, such as
electric steel production, to the competitive environment, to interest rate
and exchange rate fluctuations, to
technological developments, and to other risks and unanticipated
circumstances. Other risks that in our opinion may arise include price
developments, unexpected developments connected with acquisitions and
subsidiaries, and unforeseen risks associated with ongoing cost savings
programs. SGL Group does not intend or assume any responsibility to revise
or otherwise update these forward-looking statements.
Your contact:
Corporate Communications / Tino Fritsch
Telephone +49 611 6029 105 / Fax +49 611 6029 101 / Cell +49 170 540 2667
E-mail: [email protected] / www.sglgroup.com
End of Corporate News
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Language: English
Company: SGL CARBON SE
Söhnleinstraße 8
65201 Wiesbaden
Germany
Phone: +49 (0)611 6029 - 0
Fax: +49 (0)611 6029 - 101
E-mail: [email protected]
Internet: www.sglgroup.de
ISIN: DE0007235301
WKN: 723530
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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