DGAP-Adhoc: Stabilus S.A.: Dr. Michael Büchsner named new Chief Executive Officer

2019. március 26., kedd, 18:48





DGAP-Ad-hoc: Stabilus S.A. / Key word(s): Personnel


Stabilus S.A.: Dr. Michael Büchsner named new Chief Executive Officer


26-March-2019 / 18:48 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.: Dr. Michael Büchsner named new Chief Executive Officer



Luxembourg/Koblenz, March 26, 2019 - At an extraordinary meeting held today, the supervisory board of Stabilus S.A. named Dr. Michael Büchsner (44) as the company"s new Chief Executive Officer. It is anticipated that Michael Büchsner will take up his mandate as CEO in the course of the third quarter of 2019, and by October 1, 2019 at the very latest. Over the past 20 years, he has held a variety of senior positions at automotive components supplier TRW in Austria, Germany and the USA, and, following its takeover of TRW, at ZF Friedrichshafen AG. He is currently head of ZF Friedrichshafen"s Passive Safety Systems division, the main areas he covers in this position being strategy, finances, investments, and customer relations. He succeeds Dr. Stephan Kessel, who took on the position of interim CEO on August 1, 2018, moving from the supervisory to the management board in order to assume this role. As of July 31, 2019, Dr. Kessel shall rejoin the supervisory board, Luxembourg law prescribing that his seat on the supervisory board may be dormant for a maximum period of one year. Once Stephan Kessel rejoins the supervisory board, the mandate of the current Chairman, Udo Stark, shall, as previously announced, end.



# End of ad hoc announcement #



 



Person making the notification / Investor Contact:

Andreas Schröder

Group Financial Reporting Director

Tel.: +352 286 770 21

E-Mail: anschroeder@stabilus.com



Press Contact:

Tobias Eberle

Tel.: +49 69 794090 24

E-Mail: Tobias.Eberle@charlesbarker.de

Charles Barker Corporate Communications



 











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Language: English
Company: Stabilus S.A.

2, rue Albert Borschette

L-1246 Luxembourg

Luxemburg
Phone: +352 286 770 1
Fax: +352 286 770 99
E-mail: info.lu@stabilus.com
Internet: www.stabilus.com
ISIN: LU1066226637
WKN: A113Q5
Indices: SDAX
Listed: Regulated Market in Frankfurt; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange





 
End of Announcement DGAP News Service




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