Waldenburg, February 09, 2018. Bernd Marx, 54, Member of the Executive Board and responsible for the finance department of R. STAHL AG, asked the Supervisory Board in the course of current talks to terminate his contract. The Supervisory Board accepted this request today and mutually agreed with Bernd Marx on a termination of his contract by June 30, 2018. Accordingly, Bernd Marx stepped down from his position as Member of the Executive Board today.
“This was not an easy decision for me. I still feel connected to R. STAHL” said Bernd Marx. “Due to changed market conditions, R. STAHL is facing big challenges that require fundamental changes within the company. For this purpose, the Executive Board has prepared a comprehensive package of measures. I wish the company all the best for the successful implementation as well as its future development.”
Heiko Stallboerger, Chairman of the Supervisory Board of R. STAHL AG: ”Bernd Marx has substantially contributed to the strategic development of R. STAHL to become a leader in the market for explosion protection solutions. The Supervisory Board expresses its great gratitude and appreciation to Bernd Marx also in behalf of all employees.”
Since 2004, Bernd Marx held several positions within the R. STAHL organization, starting as commercial director of the subsidiary HMI Systems GmbH, followed by Head of Finance and Accounting of the Group. With the beginning of 2013, he was appointed Member of the Executive Board of R. STAHL AG. In this role, he was responsible for the Controlling, Finance, IT, Legal and Compliance, Investor Relations and the M&A functions.
Until further notice and until appointment of a successor, the Chairman of the Executive Board of R. STAHL AG, Dr. Mathias Hallmann, will take over all duties of the Chief Financial Officer.
About R. STAHL – www.r-stahl.com
R. STAHL is the world's leading supplier of electrical and electronic products and systems for explosion protection. These products and systems prevent explosions in hazardous areas and contribute to the safety of people, machines and the environment. The portfolio ranges from products used in switching/distributing, installing, operating/monitoring, lighting and signalling/alarming up to automation. Typical customers are oil & gas industry, the chemical and pharmaceutical industry and the food industry. In 2016, global sales amounting to € 286.6 million were generated with 1,788 employees.
The shares of R. STAHL AG are traded on the Regulated Market/Prime Standard of Deutsche Boerse (ISIN DE000A1PHBB5).
R. STAHL AG
Am Bahnhof 30, 74638 Waldenburg (Wuertt.)
Dr. Thomas Kornek
Hear of Investor Relations & Corporate Communications
F: +49 7942 943-1395
E: [email protected]