11-13-2013 Changes in Board of Management reflect generation change and streamlining of organization within the framework of SGL2015 Dr. J rgen K hler to assume the role of CEO from January 1, 2014, succeeding Robert Koehler, who is retiring from the company at the age of 65
Board of Management streamlined to three members structural adjustment within the framework of the Group-wide cost savings program SGL2015
Timely implementation of generation change strategy to be consistently developed further
Wiesbaden, November 13, 2013. SGL Group The Carbon Company will implement the change in the Group's top management as of January 1, 2014. On this date, Robert Koehler, who will reach the age of 65 in January 2014, will hand over his position as CEO of SGL Carbon SE to his colleague on the Board of Management Dr. J rgen K hler and will leave the company. Robert Koehler has represented and shaped the Company in this role for over 20 years, making him the longest-serving CEO among listed companies in the main German stock market indices. During this period, he played a key role in the Company's foundation in 1992 and the spin-off of SGL Carbon from Hoechst AG by way of an IPO.
The change in SGL Group's top management was prepared timely and by mutual consent within the relevant Supervisory Board and Board of Management committees and was resolved at today's meeting of the Supervisory Board and is characterized by a generation change in SGL Group's top management. Dr. K hler (born in 1960) has been working for SGL Group in various management positions in the two Business Areas Performance Products and Carbon Fibers & Composites since 2002, and has been a full member of the Board of Management since June 1, 2013. Dr. K hler, who has a PhD in process engineering, began his career in 1992 at Hoechst AG and worked there and at Celanese AG for more than ten years in total, of which he spent almost five years in the U.S. He is married and has three children. This decision stands for continuity and systematic implementation of the measures that have already been initiated to further develop the strategy and strengthen the profitability of SGL Group.
Susanne Klatten, Chairperson of the Supervisory Board of SGL Carbon SE: Thanks to the timely preparation, we have succeeded in implementing the transition in SGL Carbon's top management in close mutual agreement in the interests of all parties involved and above all in the interests of the Company. The new CEO Dr. J rgen K hler knows the Company very well and is already coordinating the implementation of the SGL2015 cost savings program. This ensures that the already initiated strategic development of the Company will be implemented consistently. Robert Koehler's age-related retirement marks the end of an era for SGL Group. He has been shaping the Company for over two decades. During this time he has turned it into one of the world's leading technology companies. For this achievement he deserves all our thanks and respect. On behalf of the entire Supervisory Board, I wish him all the best for the future.
Streamlining of Group Board of Management as element of SGL2015 cost savings program
In the context of the generation change entailed by the transition in the top management and the measures to streamline the Group's organizational structures announced within the framework of the Group-wide cost savings program SGL2015 , the Board of Management of SGL Carbon SE will be reduced from the current five members to three members as of January 1, 2014. In addition to Dr. J rgen K hler assuming the position of CEO, the current Board of Management member Armin Bruch will by mutual agreement resign and leave the company at the end of the year. Armin Bruch, who turned 60 this year, has worked in various management positions within the Group since 2001 and has been a member of the Board of Management since October 2008. His responsibilities on the Board of Management will be divided among the remaining board members. As announced in March 2013, Theodore H. Breyer left the Board of Management as of October 31, 2013 at the age of 65.
Susanne Klatten, Chairperson of the Supervisory Board of SGL Carbon SE: The major changes in the Board of Management of SGL Carbon are characterized by a generation change and a streamlining of the Group's structures. In this context, I would also like to expressly thank Armin Bruch for his many years of service to the company. Since 2001, he has successfully developed the largest and most profitable Business Area Performance Products and guided it through difficult times. I wish him all the best for the future. I also would like to express my gratitude to Theodore Breyer, who has left the Board of Management already at the end of October.
After these changes are implemented, the Board of Management of SGL Carbon SE will consist of three members from January 1, 2014: Dr. J rgen K hler (CEO), J rgen Muth (CFO) and Dr. Gerd Wingefeld.
About SGL Group - The Carbon Company SGL Group is one of the world's leading manufacturers of carbon-based products and materials. It has a comprehensive portfolio ranging from carbon and graphite products to carbon fibers and composites. SGL Group's core competencies are its expertise in high-temperature technology as well as its applications and engineering know-how gained over many years. These competencies enable the Company to make full use of its broad material base. SGL Group's carbon-based materials combine several unique properties such as very good electrical and thermal conductivity, heat and corrosion resistance as well as high mechanical strength combined with low weight. Due to industrialization in the growth regions of Asia and Latin America and increased substitution of traditional with innovative materials, t
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11-13-2013 Changes in Board of Management reflect generation change and streamlining of organization within the framework of SGL2015 Dr. J rgen K hler to assume the role of CEO from January 1, 2014, succeeding Robert Koehler, who is retiring from the company at the age of 65
