27.04.2018
BAUER Aktiengesellschaft DE0005168108
DGAP-Adhoc: BAUER Aktiengesellschaft: BAUER AG is planning a change in the position of the Chairman of the Management Board and on the Supervisory Board
DGAP-Ad-hoc: BAUER Aktiengesellschaft / Key word(s): Change of Personnel
BAUER Aktiengesellschaft: BAUER AG is planning a change in the position of
the Chairman of the Management Board and on the Supervisory Board
27-Apr-2018 / 20:36 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Schrobenhausen - BAUER Aktiengesellschaft (ISIN DE0005168108) is planning an
important change in the company's management structure. After 24 years as
Chairman of the Management Board of BAUER AG and 32 years at the head of the
BAUER Group, Prof. Thomas Bauer now wishes to pass on the management of the
company to younger hands and thereby to leave the Management Board.
With this step, Prof. Bauer, 62 years of age, would like to implement the
transition to the younger generation at an early stage. In the extraordinary
meeting held today, the Supervisory Board of BAUER AG decided that the
position of the Chairman of the Management Board would be filled with an
externally appointed executive. The Supervisory Board has already decided on
a person, who however due to their current role cannot yet be named.
The Chairman of the Supervisory Board, Dr. Klaus Reinhardt, has also
announced that after a total of 17 years as member of the board, 12 of which
as Chairman, he intends to leave the Supervisory Board of BAUER AG already
in 2018.
The Supervisory Board supports the candidacy of Prof. Thomas Bauer for
membership on the Supervisory Board and for the chairmanship of the
Supervisory Board after his withdrawal from the Management Board. The switch
from the Management Board to the Supervisory Board would allow Prof. Bauer
to shape and accompany the transition process in the management of the
family-owned company.
The precise time of the planned change in the Management Board depends on
when the new Chairman of the Management Board will be able to assume his
role. This will be communicated in due course - probably before the end of
2018.
Contact:
Christopher Wolf
Investor Relations
BAUER Aktiengesellschaft
BAUER-Strasse 1
86529 Schrobenhausen, Germany
Phone: +49 8252 97-1797
Fax: +49 8252 97-2900
[email protected]
www.bauer.de
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27-Apr-2018 CET/CEST 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: BAUER Aktiengesellschaft
BAUER-Straße 1
86529 Schrobenhausen
Germany
Phone: +49 (0)8252 97 1218
Fax: +49 (0)8252 97 2900
E-mail: [email protected]
Internet: www.bauer.de
ISIN: DE0005168108
WKN: 516810
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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680587 27-Apr-2018 CET/CEST
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