Waldenburg, August 25, 2017. Martin Schomaker, 61, Chairman of the Management Board of R. STAHL, will leave the company on December 31, 2017. The Supervisory Board took this decision in its today's extraordinary meeting. Schomaker is with the company since 27 years, being member of the Management Board since 22 years and chairman since 15 years.
With the change at this point in time the company grants Martin Schomaker's wish of early retirement already before reaching the age limit in case an appropriate candidate can be found. With Dr. Mathias Hallmann, the Supervisory Board was able to find a candidate who can take over Martin Schomaker's position right away.
Dr. Mathias Hallmann, 55, previously Senior Vice President at Lincoln Electric Holdings, Inc., Cleveland, Ohio, and as President International Welding responsible for the global business outside the Americas, is appointed member of the Management Board of R. STAHL AG, effective October 01, 2017. He shall take over the role of Chairman of the Management Board on December 31, 2017. His contract will initially run for three years.
Additional information will be published via a separate press release.
About R. STAHL - www.stahl.de
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 EUR 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).
Information and Explanation of the Issuer to this News:
R. Stahl Aktiengesellschaft
Am Bahnhof 30, 74638 Waldenburg (Wuertt.)
Dr. Thomas Kornek
Head of Investor Relations & Corporate Communications
Fon: +49 7942 943-1395
E-mail: [email protected]
|Company:||R. Stahl AG|
|Am Bahnhof 30|
|Phone:||+49 (7942) 943-0|
|Fax:||+49 (7942) 943-4333|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange|
|End of Announcement||DGAP News Service|