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Stabilus S.A.: Chief Executive Dietmar Siemssen to leave the company at his own request - Supervisory Board Chairman Dr. Stephan Kessel to act as interim CEO

Stabilus S.A. / Key word(s): Change of Personnel
Stabilus S.A.: Chief Executive Dietmar Siemssen to leave the company at his own request - Supervisory Board Chairman Dr. Stephan Kessel to act as interim CEO

09-Jul-2018 / 19:31 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.


Stabilus S.A.: Chief Executive Dietmar Siemssen to leave the company at his own request - Supervisory Board Chairman Dr. Stephan Kessel to act as interim CEO

Luxembourg, Koblenz, July 9, 2018 - Dietmar Siemssen, Chief Executive of Stabilus S.A., is to leave the Stabilus S.A. Management Board at the end of the 2018 business year. He leaves the company at his own request. The Supervisory Board on Monday evening accepted his request and expresses its gratitude to Dietmar Siemssen for the many years in which he has contributed to the success of Stabilus. In the coming days, Supervisory Board Chairman Dr. Stephan Kessel will switch to the Management Board of Stabilus S.A. and take on the role of CEO in an interim capacity effective August 1, 2018, until a successor to Mr. Siemssen is found and appointed. During this time, his mandate on the Supervisory Board will be temporarily suspended. The Supervisory Board has decided to co-opt the former Chairman of the Supervisory Board, Udo Stark, as member of the Supervisory Board, it is intended to appoint him as Chairman of the Supervisory Board. The Supervisory Board has initiated a search for a new CEO. At such time Stephan Kessel will resume his Supervisory Board position and Udo Stark's mandate will terminate accordingly.

# End of ad hoc announcement #

 

Person making the notification / Investor Relations Contact:
Andreas Schröder
Group Financial Reporting Director
Tel.: +352 286 770 21
E-Mail: anschroeder@stabilus.com

Press Contact:
Ralf Krenzin
Tel.: +49 261 8900 502
E-Mail: rkrenzin@stabilus.com

Charles Barker Corporate Communications
Tobias Eberle
Tel.: +49 69 794090 24
E-Mail: Tobias.Eberle@charlesbarker.de

 


09-Jul-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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