DGAP-News: Change of guard: FUCHS shareholders elect Dr. Jürgen Hambrecht and Ines Kolmsee to the Supervisory Board at FUCHS PETROLUB AG
(firmenpresse) - DGAP-News: Fuchs Petrolub AG / Key word(s): AGM/EGM
Change of guard: FUCHS shareholders elect Dr. Jürgen Hambrecht and
Ines Kolmsee to the Supervisory Board at FUCHS PETROLUB AG
11.05.2011 / 14:54
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Change of guard: FUCHS shareholders elect Dr. Jürgen Hambrecht
and Ines Kolmsee to the Supervisory Board at FUCHS PETROLUB AG
More than 1,500 shareholders and guests attended the Annual General Meeting
of FUCHS PETROLUB AG in the Rosengarten Congress Center in Mannheim. With a
total presence of 44.9% and 80.8% of ordinary share capital with voting
rights represented, the proposals by the management were approved
unanimously or by a large majority.
Beside approval of the actions of the Supervisory Board and Executive Board
this also included the resolution on payment of a 60% higher dividend. The
dividend per preference share therefore increases by EUR 1.00 to EUR 2.70
and the dividend per ordinary share increases by EUR 1.00 to EUR 2.64.
Stefan Fuchs, Chairman of the Executive Board, pointed out in his annual
report that this dividend payment was an expression of the management's
confidence in being able to successfully shape the company's future.
In order to facilitate continuity and invigoration of the Supervisory
Board, Professor Dr. Jürgen Strube and Professor Dr. Bernd Gottschalk both
stepped down from their positions on the Supervisory Board at FUCHS
PETROLUB at the end of the Annual General Meeting. Professor Strube had
been Chairman of the Supervisory Board for eight years and Professor
Gottschalk had worked on the Supervisory Board for 16 years. Newly elected
members were Dr. Jürgen Hambrecht, who held the post of Chairman of the
Executive Board at BASF SE up to May 6 of this year, and Ines Kolmsee,
Chairman of the Executive Board at SKW Stahl-Metallurgie Holding AG.
Following the Annual General Meeting, the Supervisory Board appointed Dr.
Jürgen Hambrecht as its new Chairman.
The Annual General Meeting also approved re-division of the share capital
through a share split at a ratio of 1:3. The Executive Board and
Supervisory Board believe that this measure will make the FUCHS PETROLUB
shares even more attractive, particularly for private investors. As a
result of the proposed measure, each holder of ordinary shares and each
holder of preference shares in the company will now receive three
no-par-value shares with a nominal value of EUR 1.00 each instead of one
no-par-value share.
The resolutions on amendment of Supervisory Board compensation and not
providing individualized disclosure of the remuneration received by members
of the Executive Board were also approved with large majorities.
In his annual report, Stefan Fuchs indicated that the company has for many
years been successfully pursuing the strategies of focusing on niches and
specialties, maintaining proximity to customers throughout the world and
engaging in powerful, innovative research and development. In undertaking
these tasks, FUCHS relies on a network of companies, facilities and
technology centers in the world's main markets, as well as on a team of
specialists and committed, expert and loyal employees, all of whom work
toward the agreed goals based on the FUCHS corporate culture and value.
Stefan Fuchs added that this individualityis unique and creates value.
With expansion of this business base and strengthening of its worldwide
resources, FUCHS is also taking important steps to securing the continued
positive development of the company.
Mannheim, May 11, 2011
FUCHS PETROLUB AG
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Germany
Tel.: ++49 (0) 621 3802-1124
The information below can be accessed at the following web addresses:
Press release:
http://www.fuchs-oil.com
Press photos:
http://www.fuchs-oil.com/pressphotos.html
Important note:
This press release contains statements about future developments that are
based on assumptions and estimates by the management of FUCHS PETROLUB AG.
Even if the management is of the opinion that these assumptions and
estimates are accurate, future actual developments and future actual
results may differ significantly from these assumptions and estimates due
to a variety of factors. These factors can include changes in the overall
economic climate, changes to exchange rates and interest rates, and changes
in the lubricants industry. FUCHS PETROLUB AG provides no guarantee that
future developments and the results actually achieved in the future will
match the assumptions and estimates set out in this press release and
assumes no liability for such.
End of Corporate News
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11.05.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Fuchs Petrolub AG
Friesenheimer Str. 17
68169 Mannheim
Deutschland
Phone: +49 (0)621 / 3802-0
Fax: +49 (0)621 / 3802-190
E-mail: contact-de.fpoc(at)fuchs-oil.de
Internet: www.fuchs-oil.de
ISIN: DE0005790406, DE0005790430
WKN: 579040, 579043
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, Düsseldorf, Hamburg, München
End of News DGAP News-Service
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124065 11.05.2011
Datum: 11.05.2011 - 14:54 Uhr
Sprache: Deutsch
News-ID 34036
Anzahl Zeichen: 0
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Kategorie:
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