DGAP-News: SHW AG: Dr. Thomas Buchholz appointed as new CEO of SHW AG
(firmenpresse) - DGAP-News: SHW AG / Key word(s): Change of Personnel
SHW AG: Dr. Thomas Buchholz appointed as new CEO of SHW AG
23.05.2013 / 17:59
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PRESS RELEASE
Dr. Thomas Buchholz appointed as new CEO of SHW AG
Aalen, 23 May 2013. Dr. Thomas Buchholz (born 1957) will be the new CEO of
SHW AG. He was appointed by the supervisory board as member of the
Company's management board today with effect as of 1 August 2013.
Dr. Buchholz joins SHW AG from TI Automotive (Heidelberg) GmbH, where he
has served as managing director since 2008.
Previously, Dr. Buchholz worked for 17 years in several executive positions
within the MAHLE Group, a leading manufacturer of engine components. He
served, inter alia, as managing director for MAHLE in Brazil for several
years and was in charge of the operations of the MAHLE Metal Leve Group.
Most recently, Dr. Buchholz was head of the product area fluid systems and
managing director of MAHLE Filtersysteme GmbH.
Dr. Buchholz obtained his doctorate degree in engineering from the
University of Karlsruhe, Germany, and a master's degree from Yale
University.
Dr. Buchholz defines his goals as: 'Expansion of the globalization, growth
by further product innovations as well as a specific focus on the operating
performance of the Company.'
The supervisory board is delighted to have found with Dr. Buchholz an
experienced business manager for the Company in order to successfully
handle the challenges of the future.
Until Dr. Buchholz takes office, Mr. Andreas Rydzewski will continue to act
as interim CEO.
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 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
Future-oriented statements
This press release contains certain future-oriented statements that are
based upon current assumptions and forecasts made by the management of SHW
AG. Various known and unknown risks, uncertainties and other factors may
lead to the actual results, financial position, development or performance
of the company deviating considerably from the appraisals specified here.
The company assumes no obligation to updatefuture-oriented statements of
this nature or adapt them to future events or developments.
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 of America.
End of Corporate News
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23.05.2013 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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212855 23.05.2013
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Datum: 23.05.2013 - 17:59 Uhr
Sprache: Deutsch
News-ID 263065
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