24.03.2017
ElringKlinger AG DE0007856023
DGAP-News: Change at the helm of the Supervisory Board of ElringKlinger
DGAP-News: ElringKlinger AG / Key word(s): Change of Personnel
Change at the helm of the Supervisory Board of ElringKlinger
24.03.2017 / 14:16
The issuer is solely responsible for the content of this announcement.
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Change at the helm of the Supervisory Board of ElringKlinger
- Walter H. Lechler, long-standing Chairman of the Supervisory Board, to
step down from his post at the end of the Annual General Meeting on May 16
and vacate the Supervisory Board
- Klaus Eberhardt nominated as new Chairman of the Supervisory Board
- Proposal for Bizerba CEO Andreas Wilhelm Kraut to join the Supervisory
Board as a replacement member
- Contracts of Management Board members Dr. Stefan Wolf and Theo Becker
extended by five years
Dettingen/Erms (Germany), March 24, 2017 +++ The Supervisory Board of
ElringKlinger charted an important course for the future at its meeting
convened on March 24, 2017. Having held leading positions at ElringKlinger
AG and its predecessor companies over a period spanning 45 years in total,
Chairman of the Supervisory Board Walter H. Lechler informed his fellow
board members that he would be standing down from his post at the end of the
Annual General Meeting on May 16, 2017, and would thus be vacating the
Supervisory Board. In doing so, he is following the standard practice
embraced by the family of principal shareholders not to occupy key positions
beyond the age of 75. In 1972, Lechler became a member of the shareholder
committee of the company formerly known as Elring GmbH. As from 1976, he was
a member of the supervisory board of ZWL Grundbesitz- und Beteiligungs-AG,
which together with ElringKlinger GmbH was merged into ElringKlinger AG in
the year 2000. At that point, he became a member of the company's
Supervisory Board, before being appointed its Chairman on May 16, 2012.
Deputy Chairman of the Supervisory Board, Markus Siegers, acknowledged
Lechler's accomplishments: "In his supervisory roles, Walter H. Lechler was
instrumental in shaping the Group's fortunes in terms of growth and market
success. The Supervisory Board as a whole would like to thank him for his
tremendous personal dedication, a sentiment also expressed at today's
meeting."
In Klaus Eberhardt, an experienced manager and business leader has been
nominated as a successor to Lechler. The election will take place during the
Supervisory Board meeting to be convened on completion of the upcoming
Annual General Meeting. Eberhardt can draw on many years of professional
experience and has held senior managerial posts at various companies, which
also includes the role of CEO at Rheinmetall AG for a period of 13 years.
Aged 69, the degree-educated mathematician has been a member of the
Supervisory Board of ElringKlinger AG since May 2013. In addition, he chairs
the supervisory boards of Dürr AG and MTU Aero Engines AG.
The Supervisory Board will propose to the Annual General Meeting that
Andreas Wilhelm Kraut be appointed to fill the vacant seat on the board. The
43-year-old manager, who holds a degree in business, is head of weighing
technology specialist Bizerba SE & Co. KG, Germany. The fifth-generation
family company employs some 4,000 people worldwide and generates annual
sales of around EUR 650 million. "In Andreas Wilhelm Kraut, we have
attracted to our Supervisory Board a young, dynamic, and - at the same time
- successful executive of a global family-run group of companies. All of
these credentials represent a perfect match for ElringKlinger," says
departing Chairman of the Supervisory Board Lechler.
In addition, at today's meeting the Supervisory Board agreed to extend by
five years, i.e., up to January 31, 2023, the contracts with Management
Board members Stefan Wolf and Theo Becker, which were scheduled to end at
the beginning of 2018. In taking this approach, it has ensured that the
company will benefit at an early stage from managerial continuity at the
most senior level. Dr. Wolf has held a seat on the Management Board since
January 2005 and was appointed its Chairman/CEO in March 2006. Becker joined
the Management Board in January 2006 and is responsible for operations.
For further information, please contact:
ElringKlinger AG
Dr. Jens Winter
Investor Relations / Corporate PR
Max-Eyth-Straße 2
72581 Dettingen/Erms
Germany
Phone: +49 7123 724-88335 [IMAGE]
Fax: +49 7123 724-85 8335 [IMAGE]
E-mail: [email protected]
About ElringKlinger AG
ElringKlinger has focused its efforts on developing forward-looking green
technologies. These are designed not only to reduce CO2 emissions but also
to scale back the level of harmful nitrogen oxides, hydrocarbons, and soot
particles. ElringKlinger is one of the few automotive suppliers worldwide
with the capabilities of developing and producing high-tech components for
all types of drive system - whether for downsized combustion engines or for
electric vehicles driven by batteries or fuel cells. Drawing on its
expertise in lightweight engineering, ElringKlinger can make a decisive
contribution to efforts aimed at further reducing vehicle weight and thus
fuel consumption. The company's portfolio centered around emissions
reduction also includes particulate filters and end-to-end exhaust gas
purification systems used in ships, commercial vehicles, construction
machinery, and stationary engines as well as in power stations. This is
complemented by products made of the high-performance plastic PTFE supplied
by ElringKlinger Kunststofftechnik, which are marketed to a wide range of
industries - also to those operating beyond the vehicle manufacturing
sector. Applying its abilities as an innovator, ElringKlinger is committed
to sustainable mobility and earnings-driven growth. These efforts are
supported by a dedicated workforce of around 8,600 people at 47
ElringKlinger Group locations around the globe.
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24.03.2017 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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Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: ElringKlinger AG
Max-Eyth-Straße 2
72581 Dettingen/Erms
Germany
Phone: 071 23 / 724-0
Fax: 071 23 / 724-9006
E-mail: [email protected]
Internet: www.elringklinger.de
ISIN: DE0007856023
WKN: 785602
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich, Tradegate Exchange
End of News DGAP News Service
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558069 24.03.2017
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