Source: EQS Group AG

DGAP-News: SKW Stahl-Metallurgie Holding AG: SKW Stahl-Metallurgie Holding AG appoints Dr. Kay Michel as new Chairperson of the Executive Board (CEO)

DGAP-News: SKW Stahl-Metallurgie Holding AG / Key word(s): Change of
SKW Stahl-Metallurgie Holding AG: SKW Stahl-Metallurgie Holding AG
appoints Dr. Kay Michel as new Chairperson of the Executive Board

28.01.2014 / 16:53


SKW Stahl-Metallurgie Holding AG appoints Dr. Kay Michel as new Chairperson
of the Executive Board (CEO)

Unterneukirchen (Germany), January 28, 2014. In its meeting of today, the
Supervisory Board of SKW Stahl-Metallurgie Holding AG appointed Dr. Kay
Michel (57) as Chairperson of the Executive Board (CEO). Dr. Kay Michel
will take over the chairperson function effective April 1, 2014 from Ines
Kolmsee, who will leave the company at the end of March 2014 with the
expiration of her contract and after transferring the business affairs.

Dr. Kay Michel commands a long-standing track record in leading positions
in industrial operative management as well as in an international
efficiency improvement context. In the last 20 years, he has held central
roles in complex business challenges, as well as in the strategic
development of international companies. From 2003 to 2007, Dr. Kay Michel
was instrumental in building the German business of the international
consulting firm Alvarez & Marsal (A&M). Before that, he held leading
positions at Philipp Holzmann AG, Krone AG, and Asea Brown Boveri AG.

Dr. Kay Michel, with a tertiary degree in business and engineering, began
his career at Krupp Group where he worked at company, divisional and
finally at group level.

Titus Weinheimer, Chairperson of the Supervisory Board of SKW
Stahl-Metallurgie Holding AG, said: 'With Dr. Michel, we secured for SKW
Metallurgie a known expert for the strategic realignment of SKW
Metallurgie. Under his leadership, the further internationalization of SKW
Metallurgie as well as the conquest of new markets shall be significantly

'The Supervisory Board thanks Ms. Kolmsee explicitly for her outstanding
merits in the interest of the company. Ms. Kolmsee contributed a decisive
part to the successful IPO, and under her leadership, SKW Metallurgie
developed into a leading specialty chemicals company,' said Mr. Weinheimer.

Further information on the Group can be found online at:

SKW Stahl-Metallurgie Holding AG 
Christian Schunck 
Head of IR and Corporate Communications
Rathausplatz 11 
84579 Unterneukirchen
Telephone IR/Press: +49 8636 62720-15
Fax: +49 89 5998923-29

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).

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

End of Corporate News


28.01.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:    English                                               
Company:     SKW Stahl-Metallurgie Holding AG                      
             Rathausplatz 11                                       
             84579 Unterneukirchen                                 
Phone:       +49 (0)8634 62720-15                                  
Fax:         +49 (0)8634 62720-16                                  
ISIN:        DE000SKWM021                                          
WKN:         SKWM02                                                
Listed:      Regulierter Markt in Frankfurt (Prime Standard);      
             Freiverkehr in Berlin, Düsseldorf, Hamburg, München,  
End of News    DGAP News-Service  
249893 28.01.2014