Webdisclosure.com

Search

SCHALTBAU HOLDING AG (FRA:SLT) Schaltbau Holding AG: Schaltbau Executive Board scales down again following good progress

Directive transparence : information réglementée

29/03/2019 14:08

DGAP-News: Schaltbau Holding AG / Key word(s): Personnel
Schaltbau Holding AG: Schaltbau Executive Board scales down again following good progress

29.03.2019 / 14:08
The issuer is solely responsible for the content of this announcement.


Munich (Germany), 29 March 2019. The Executive Board of Schaltbau Holding AG, which currently consists of four persons, will be scaled down to three persons as of 1 April 2019. Chief Restructuring Officer Dr Martin Kleinschmitt, who has been responsible for updating and implementing the restructuring plan, will resign from the Executive Board with effect from the end of 31 March 2019, in mutual agreement with the Supervisory Board.

Therefore, as of 1 April 2019 the Executive Board will consist of Dr Albrecht Köhler (Spokesman), Thomas Dippold (Chief Financial Officer) and Volker Kregelin (Chief Officer for Mobile and Stationary Transportation Technology), a team well suited to tackle the tasks currently at hand following the good progress the Schaltbau Group has made in recent quarters.

The Supervisory Board and the remaining members of the Management Board wish to thank Dr Martin Kleinschmitt for his commitment and effective work and are pleased that he will continue to be associated with the Schaltbau Group in a consultant capacity following his resignation from the Executive Board. He will now focus on providing support for M&A projects and the upcoming refinancing of the Group.


Contact
Wolfgang Güssgen
Head of Investor Relations & Corporate Communications
Schaltbau Holding AG
Hollerithstrasse 5
81829 Munich
Germany
T +49 89 93005-209
guessgen@schaltbau.de
www.schaltbaugroup.com

About Schaltbau
With annual sales of around EUR 500 million and around 3,000 employees, the Schaltbau Group is an internationally leading supplier of components and systems in the field of transportation technology and the capital goods industry. The companies of the Schaltbau Group supply complete level crossing systems, train formation and signal technology, door and boarding systems for buses, trains and commercial vehicles, sanitary systems and interior fittings for railway vehicles, and high- and low-voltage components for rolling stock as well as for other applications. Its innovative products make Schaltbau a key industrial business partner, particularly in the field of transportation technology and for DC switching technology applications in fast-growing markets such as new energy, electromobility, DC industry and smart building.

Disclaimer
This corporate news contains statements regarding future developments based on information currently available. As a result of risks and uncertainties, actual outcomes could differ from the forward-looking statements made. Schaltbau Holding AG does not intend to update these forward-looking statements.



29.03.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Schaltbau Holding AG
Hollerithstraße 5
81829 Munich
Germany
Phone: +49 89 - 93005 - 209
Fax: +49 89 - 93005 - 398
E-mail: guessgen@schaltbau.de
Internet: www.schaltbau.de
ISIN: DE000A2NBTL2
WKN: A2NBTL
Indices: Prime Standard
Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange
EQS News ID: 793681

 
End of News DGAP News Service

793681  29.03.2019 

fncls.ssp?fn=show_t_gif&application_id=793681&application_name=news&site_id=symex