DGAP-News: SKW Stahl-Metallurgie Holding AG / Key word(s): Change of
Personnel
SKW Stahl-Metallurgie Holding AG: Supervisory Board and Executive
Board competently enhanced

16.01.2014 / 11:00

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Supervisory Board and Executive Board competently enhanced
 
* Sabine Kauper as new CFO
* Jutta Schull and Dr. Hans Liebler appointed to Supervisory Board
* Executive Board streamlined to two members

Unterneukirchen (Germany), January 16, 2014. The global specialty chemicals
group SKW Metallurgie optimized the structure of its leadership bodies at
the beginning of 2014.
The Executive Board of SKW Stahl-Metallurgie Holding AG has been enhanced
by Ms. Sabine Kauper as CFO since January 1, 2014, as already communicated.
Sabine Kauper was a member of the Supervisory Board of the company since
2009 and is, therefore, most familiar with the SKW Metallurgie Group.
The Supervisory Board of SKW Stahl-Metallurgie Holding AG had two vacancies
on short notice. Besides the change of Ms. Kauper into the Executive Board,
the long-standing member of the Supervisory Board Dr. Christoph Schlünken
resigned due to business reasons effective December 31, 2013.
These two vacancies were filled with competence through Ms. Jutta Schull
and Dr. Hans Liebler:
* Ms. Schull commands about 20 years of professional experience in the
chemical industry. After stints at then Hoechst AG as well as at Celanese,
she has held responsible positions in the SGL Carbon Group since 2002; SGL
Carbon is quoted in the MDax index. Business-educated, she has led the
business unit 'Cathodes and Blast Furnace Linings' since 2009.
* Dr. Liebler is an expert in financial markets, who, in particular,
commands long-standing experience as a member of the Supervisory Board in
publicly quoted companies. After a career start at McKinsey, and commanding
a Ph. D. in business, he managed an investment fund, was partner of Lincoln
Vale European Partners and has been Managing Partner of Lenbach Capital
GmbH since 2012.
Ms. Schull and Dr. Liebler are appointed, as is standard practice in such
cases, by the competent legal court until the next Annual General Meeting,
which is scheduled to take place in München (Munich) on June 3, 2014.
Otherwise, the Supervisory Board of SKW Stahl-Metallurgie Holding AG
continues to consist of six members and is not subject to co-determination.

Member of Executive Board leaves SKW Metallurgie
Reiner Bunnenberg, hitherto COO of SKW Stahl-Metallurgie Holding AG, left
the company on his own request effective December 31, 2013. SKW
Stahl-Metallurgie Holding AG and its hitherto COO Reiner Bunnenberg
therefore agreed not to prolong the Executive Board mandate of Mr.
Bunnenberg beyond December 31, 2013. The company decided in this context
that the leadership of the company would henceforth be continued with two
members of the Executive Board. The Chairperson of the Supervisory Board,
Mr. Titus Weinheimer, thanked Mr. Bunnenberg, on behalf of the Supervisory
Board and the company, for the fruitful cooperation in the interest of the
company and its shareholders, and wished him all the best for his
forthcoming professional plans.
The decision to streamline the Executive Board is also in line with the
earnings improvement program 'Every Penny Counts' (EPC), details of which
were published in September 2013. Without any changes, annual EBITDA should
be sustainably improved through this program by EUR 8 million.

Further information on the Group can be found online at: www.skw-steel.com.


 

Contact
SKW Stahl-Metallurgie Holding AG 
Christian Schunck 
Head of IR and Corporate Communications
Rathausplatz 11 
84579 Unterneukirchen
Germany 
Telephone IR/Press: +49 89 5998923-22
Fax: +49 89 5998923-29
E-mail: schunck@skw-steel.com
Internet: www.skw-steel.com

About SKW Stahl-Metallurgie Holding AG
The SKW Metallurgie Group is the global market leader for chemical
additives for hot metal desulphurization, and for cored wire used in
secondary metallurgy. The Group's products enable steel-makers to
efficiently manufacture high-quality steel products. Clients include the
world's leading companies in the steel industry. The SKW Metallurgie Group
has more than 50 years of metallurgical know how, and currently operates in
more than 40 countries. What is more, the Group is a leading supplier of
Quab specialty chemicals, which are mainly used in the global production of
industrial starch for the paper industry. The company's operating business
is broken down into the two core segments 'Cored Wire' and 'Powder and
Granules', and the 'Other' segment. The SKW Metallurgie Group is
headquartered in Germany with production facilities in France, the US (6),
Canada, Mexico, Brazil, South Korea, Sweden, Bhutan, Russia, the Peoples'
Republic of China (2) and India (2 via joint venture).
Shares of SKW Stahl-Metallurgie Holding AG have been listed in Frankfurt
Stock Exchange's Prime Standard since December 1, 2006 with ISIN
DE000SKWM013 (from August 15, 2011: new ISIN DE000SKWM021).

DISCLAIMER
This press release contains statements on future developments that are
based on currently available information and involve risks and
uncertainties that could cause the actual results to differ from these
forward-looking statements. These risks and uncertainties include, for
example, unpredictable changes in political and economic conditions,
particularly in the steel and paper industry, the competitive situation,
interest and currency risks, technological development as well as other
risks and unexpected circumstances. SKW Stahl-Metallurgie Holding AG and
its Group companies accept no obligation to update such forward-looking
statements.


End of Corporate News

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Language:    English                                               
Company:     SKW Stahl-Metallurgie Holding AG                      
             Rathausplatz 11                                       
             84579 Unterneukirchen                                 
             Germany                                               
Phone:       +49 (0)8634 62720-15                                  
Fax:         +49 (0)8634 62720-16                                  
E-mail:      info@skw-steel.com                                    
Internet:    www.skw-steel.com                                     
ISIN:        DE000SKWM021                                          
WKN:         SKWM02                                                
Listed:      Regulierter Markt in Frankfurt (Prime Standard);      
             Freiverkehr in Berlin, Düsseldorf, Hamburg, München,  
             Stuttgart                                             
 
 
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