25.02.2016
R. Stahl AG DE000A1PHBB5
DGAP-News: R. STAHL renews contract with Chief Executive Officer Martin Schomaker until end of 2019
DGAP-News: R. Stahl AG / Key word(s): Change of Personnel
R. STAHL renews contract with Chief Executive Officer Martin Schomaker until
end of 2019
25.02.2016 / 14:04
The issuer is solely responsible for the content of this announcement.
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PRESSEINFORMATION / PRESS RELEASE
R. STAHL renews contract with Chief Executive Officer Martin Schomaker
until end of 2019
Continuity in Executive Board ensured in times of challenging market
environment
Waldenburg, February 25, 2016 - The Supervisory Board of R. STAHL AG today
unanimously agreed to renew the contract of Chief Executive Officer Martin
Schomaker (59) for another period of three years until December 31, 2019.
Schomaker's current contract is expiring at the end of 2016. Over the next
years, he will continue to lead the changes initiated last year to help the
company respond to challenging market conditions caused by the decline of
the oil price. This includes the implementation of the cost adjustment
measures that have already been launched as well as the company's strategic
development in the chemical and pharmaceutical industries. This step
ensures ongoing successful collaboration within the Executive Board. The
contract of Chief Financial Officer Bernd Marx had already been renewed in
May 2015 until the end of 2020.
"We are very pleased that Martin Schomaker remains with R. STAHL for
another three years", commented Heiko Stallbörger, Chairman of the
Supervisory Board. "We are convinced that he will successfully implement
the set of measures we adopted last year and that he will, together with
Bernd Marx, lead the company through these challenging market conditions to
further growth."
In October 2015, R. STAHL had adopted a set of measures to safeguard
competitiveness over the long term in order to respond to the challenging
market environment in the oil and gas industry. Besides reducing costs, the
different initiatives focus on generating additional business in industry
sectors chemicals, pharmaceuticals and marine with the aim of further
reducing dependency on the oil price. The majority of initiatives have
already been implemented. R. STAHL expects that the optimisation program
will have positive effects on earnings starting in the current fiscal year
2016.
Martin Schomaker joined R. STAHL in 1991. He was appointed to the Managing
Board in 1995 and took over responsibility as Chief Executive Officer in
2002. He is responsible for Sales/Marketing, Technology/Production, Quality
Management, Product Management, Human Resources as well as Internal Audit
and Risk Management.
About R. STAHL - www.stahl.de
R. STAHL is one of the world's leading suppliers of electrical and
electronic products and systems for explosion protection. These products
and systems prevent explosions in risk areas, and contribute to the safety
of people, machines and the environment. The portfolio ranges from products
used in switching/distributing, installing, operating/monitoring, lighting
and signalling/alarming, up to automation. Typical customers operate in the
oil & gas industry, the chemical and pharmaceutical industries, and the
food industry. In 2014, 1,942 employees generated worldwide sales of EUR
308.5 million. R. STAHL AG shares are traded on the Regulated Market/Prime
Standard of Deutsche Boerse (ISIN DE000A1PHBB5).
For further information:
R. STAHL AG
Am Bahnhof 30, 74638 Waldenburg (Württ.)
Bernd Marx (CFO)
Phone: +49 7942 943-1271
Nathalie Kamm (Investor Relations)
Phone: +49 7942 943-1395
E-mail: [email protected]
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25.02.2016 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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: R. Stahl AG
Am Bahnhof 30
74638 Waldenburg
Germany
Phone: +49 (7942) 943-0
Fax: +49 (7942) 943-4333
E-mail: [email protected]
Internet: www.stahl.de
ISIN: DE000A1PHBB5
WKN: A1PHBB
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich
End of News DGAP News Service
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