News Details

Stabilus S.A.: Personnel Change in the Supervisory Board

Sep 29, 2015 2:32 PM

Stabilus S.A. / Key word(s): Change of Personnel

2015-09-29 / 14:32

CORPORATE NEWS Luxembourg/Koblenz, 29.9.2015

Stabilus S.A.: Personnel Change in the Supervisory Board

Luxembourg/Koblenz, September 29, 2015 - Stabilus S.A. (Stabilus, ISIN: LU1066226637), the globally leading developer and producer of gas springs and hydraulic dampers, is announcing a change of personnel in its supervisory board: Dr.-Ing. Ralf-Michael Fuchs will take the place of Nizar Ghoussaini as a member of the Stabilus S.A. supervisory board effective October 1, 2015.

Nizar Ghoussaini has been a member of the Stabilus supervisory board since 2014. He joined the Stabilus advisory board in 2010, following the majority acquisition of the Stabilus holding company (today: Stabilus S.A.) by Triton. After the company's successful initial public offering in May 2014, he was appointed as a member of the supervisory board of Stabilus S.A. Stabilus wishes to thank Mr. Ghoussaini for his outstanding contribution to the success of Stabilus.

With the appointment of Dr.-Ing. Ralf-Michael Fuchs (57), Stabilus wins a proven industry expert for its supervisory board. Dr. Fuchs joined Dürr AG in 2000. Today, he is a member of the Dürr Senior Executive Management and CEO of the Division Measuring and Process Systems. Furthermore, he is CEO of Carl Schenck AG as well as Chairman of the management board of Schenck RoTec GmbH, both subsidiaries of Dürr Group. Previously, he had been serving in various leading roles, including positions at AGIV AG and IWKA AG. Dr. Fuchs completed his studies with a degree in industrial engineering and a doctorate in engineering.

Apart from Dr. Fuchs's appointment, the composition of the supervisory board - with chairman Udo Stark, deputy chairman Dr. Stephan Kessel as well as Dr. Joachim Rauhut - remains unchanged.

Press Contact:
Charles Barker Corporate Communications GmbH
Tobias Eberle
Tel.: +49 69 794090 24
Investor Relations Contact:
Andreas Schröder
Tel.: +352 286 770 21

About Stabilus

As a globally active automotive and industrial supplier, Stabilus develops and produces gas springs, hydraulic dampers as well as electromechanical drives (Powerise). Employing approximately 4,000 people worldwide, the company has its operational headquarters in Koblenz. In the fiscal year 2014, Stabilus sales amounted to c. EUR 507 million. Stabilus operates eleven production plants across nine countries and distributes its products in over 50 countries in Europe, North, Central and South America and Asia Pacific via its regional offices and sales partners. Stabilus has been listed on the German Stock Exchange since May 2014 and became an SDAX member in September that year.

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