DGAP-News: CEO Dr. Wolfgang Krause leaves SHW AG
(firmenpresse) - DGAP-News: SHW AG / Key word(s): Change of Personnel/Change of
Personnel
CEO Dr. Wolfgang Krause leaves SHW AG
30.04.2013 / 20:27
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PRESS RELEASE
CEO Dr. Wolfgang Krause leaves SHW AG
Aalen, 30 April 2013. Dr. Wolfgang Krause, CEO of SHW AG, will leave the
Company by mutual consent by the end of the month. This was agreed upon by
the supervisory board and the CEO today. Dr. Krause has been the chairman
of the company's management board since 2008 and, following the listing of
the company in July 2011, the Company's CEO. The Company and the
supervisory board thank Dr. Krause for his many years of successful
activities for the Company and wish him success in the future and all the
best for him personally.
Mr. Andreas Rydzewski, who has been a member of the Company's management
board for many years, will act as interim CEO until Dr. Krause's successor
takes office.
About SHW
The enterprise was established in 1365, making it one of the oldest
industrial enterprises in Germany. Today, SHW AG is a leading automotive
supplier with products that contribute substantially to a reduction of fuel
consumption and consequently CO2 emissions. In its Pumps and Engine
Components business segment, the SHW Group develops and produces pumps for
passenger cars and truck and off-highway applications, e.g. trucks,
agricultural and construction vehicles, stationary motors and wind power
stations. The Brake Discs business segment develops and produces monobloc
ventilated brake discs made of cast iron and lightweight brake discs made
from a combination of an iron friction ring and an aluminium pot. Customers
of the SHW Group include leading European and North American automobile
manufacturers, manufacturers of commercial, construction and agricultural
vehicles and other automotive suppliers. The SHW Group currently has four
manufacturing sites in Germany, located in Bad Schussenried,
Aalen-Wasseralfingen, Tuttlingen-Ludwigstal and Neuhausen ob Eck. With
slightly more than 1,000 employees, the SHW Group generated sales from
continuing operations in 2012 of EUR 325 million. Further information is
available at: www.shw.de
Contact person
Michael Schickling
Head of Investor Relations&Corporate Communications
SHW AG
Telephone: +49 (0) 7361 502 462
Email: michael.schickling(at)shw.de
Note
This announcement does not constitute an offer to sell securities in the
United States of America, Canada, Australia, Japan or any other
jurisdictional territory where offers are subject to statutory
restrictions. The securities named in this announcement may only be sold or
offered for sale in the United States of America following their prior
registration in accordance with the provisions of the version of the US
Securities Act of 1933 currently in force (the 'Securities Act') or,
without prior registration, only on the basis of an exemption. Unless
provided for by certain exceptions within the Securities Act, the
securities named within this announcement may not be sold or offered for
sale in Australia, Canada or Japan, nor may they be sold or offered for
sale to or for account of residents of Australia, Canada or Japan. No
registration of the offer or sale of the securities named in this
announcement will take place, as stipulated by the relevant statutory
provisions in Canada, Australia and Japan. There is no public solicitation
to buy securities in the United States ofAmerica.
End of Corporate News
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30.04.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: SHW AG
Wilhelmstrasse 67
73433 Aalen-Wasseralfingen
Germany
Phone: +49 7361 502-1
Fax: +49 7361 502-421
E-mail: info(at)shw.de
Internet: www.shw.de
ISIN: DE000A1JBPV9
WKN: A1JBPV
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service
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209289 30.04.2013
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Datum: 30.04.2013 - 20:27 Uhr
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News-ID 254674
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