06.03.2015
Symrise AG DE000SYM9999
DGAP-News: Symrise AG: CFO Bernd Hirsch to leave at own request at the end of 2015
DGAP-News: Symrise AG / Key word(s): Change of Personnel/Miscellaneous
Symrise AG: CFO Bernd Hirsch to leave at own request at the end of
2015
06.03.2015 / 08:30
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Bernd Hirsch, CFO of Symrise AG, will leave the company at his own request
at the end of 2015. He has decided for personal reasons not to extend his
contract as a member of the Executive Board, which would be up for renewal
on December 31, 2015. In order to ensure a smooth transition, he will
continue to perform all his duties and responsibilities as CFO until the
end of the contract period.
Dr Thomas Rabe, Chairman of the Supervisory Board of Symrise AG, commented:
"We very much regret Mr Hirsch's decision not to continue in his role as
CFO of Symrise AG for personal reasons after the expiry of his contract.
The Supervisory Board would like to thank him on behalf of the entire
company for his hard work and dedication. He has made an essential
contribution to the strategic development and the successful positioning of
Symrise AG in the capital markets. We wish him all the best in his personal
and professional future and very much hope that he will maintain friendly
contacts with Symrise AG after his departure."
Bernd Hirsch was appointed CFO of Symrise AG as of December 1, 2009. In
2010, he was responsible for securing an early refinancing of Symrise AG
with a total volume of more than EUR600 million including the first bond
issuance by the company. In addition, Bernd Hirsch was involved in a number
of acquisitions including the takeover of French Diana Group in April 2014.
The financing for this acquisition with a total volume of EUR1.3 billion
was fully secured by mid-2014. Symrise AG today has a solid capital
structure on a long-term and broadly diversified basis. Before joining
Symrise AG, Bernd Hirsch had been CFO of Carl Zeiss Meditec AG for seven
years after serving as the Head of Merger & Acquisitions of Carl Zeiss
Group.
The Supervisory Board will promptly initiate steps to find a successor for
the position of CFO.
About Symrise: Symrise is a global supplier of fragrances, flavorings,
cosmetic active ingredients and raw materials as well as functional
ingredients. Its clients include manufacturers of perfumes, cosmetics, food
and beverages, the pharmaceutical industry and producers of nutritional
supplements and pet food. Its sales of more than EUR 1.8 billion in 2013
place Symrise among the top four companies in the global flavors and
fragrances market. Headquartered in Holzminden, Germany, the Group is
represented in over 40 countries in Europe, Africa, the Middle East, Asia,
the United States and Latin America. Symrise works with its clients to
develop new ideas and market-ready concepts for products that form an
indispensable part of everyday life. Economic success and corporate
responsibility are inextricably linked as part of this process. Symrise
thus takes sustainability into account in every part of its corporate
strategy. The company was awarded the German Sustainability Award in 2012.
In 2013, Symrise was certified as a "Green Company" by DQS. Symrise -
always inspiring more.
Media contact: Investor contact:
Bernhard Kott Tobias Erfurth
Tel. +49 (0)5531 90-1721 Tel. +49 (0)5531 90-1879
[email protected] [email protected]
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06.03.2015 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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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Symrise AG
Mühlenfeldstraße 1
37603 Holzminden
Germany
Phone: +49 (0)5531 90 0
E-mail: [email protected]
Internet: www.symrise.com
ISIN: DE000SYM9999
WKN: SYM999
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart
End of News DGAP News-Service
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