News Details


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

May 12, 2015 4:25 PM

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

2015-05-12 / 16:25

CORPORATE NEWS Luxembourg/Koblenz, May 12, 2015

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

Luxembourg/Koblenz, May 12, 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. Joachim Rauhut will replace Andi Klein as a member of the Stabilus S.A. supervisory board and the chairman of its audit committee effective May 12, 2015.

Andi Klein, Investment Partner at private equity investment firm Triton and responsible for Triton's participation in Stabilus from 2010 to 2015, 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. Klein for his outstanding contribution to the success of Stabilus.

With the appointment of Dr. Joachim Rauhut (61), a member of the executive board of Wacker Chemie AG, Stabilus gains a proven industry and capital markets expert for its supervisory board. He joined the management board of Wacker-Chemie GmbH in 2001 and supported Wacker Chemie's initial public offering in 2006. Previously, he had been serving in various leading corporate positions, including posts at Mannesmann AG and Krauss-Maffei AG. Dr. Rauhut completed his studies with a degree in industrial engineering and a doctorate in engineering.

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

Press Contact:
Gaby Jonethal
Tel.: +49 261 8900 502

Charles Barker Corporate Communications
Tobias Eberle
+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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