Waldenburg, 29 March 2021 - With personnel changes in the Executive Board and the Supervisory Board, R. STAHL is setting the course for the continued consistent implementation of its strategic agenda. Jürgen Linhard, member of the Executive Board of R. STAHL AG, will leave the company on 31 March 2021 for personal reasons, following a respective mutual agreement between Linhard and the Supervisory Board of R. STAHL AG. Furthermore, Rudolf Meier, member of the Supervisory Board and the Administrative Committee of R. STAHL AG, informed the company that he will resign from his mandate early on 15 April 2021.
"Key elements of the strategic transformation of R. STAHL are technology and efficiency, which offer us tremendous opportunities for both our customers as well as our competitive positioning. By streamlining our structures and standardizing and digitalizing our processes, we create the prerequisites to ideally capture these opportunities. With the upcoming new appointments to the Executive Board and the Supervisory Board, we will continue to driving these core strategic elements", said Peter Leischner, Chairman of the Supervisory Board of R. STAHL. "On behalf of R. STAHL AG's entire Supervisory Board, I would like to thank Jürgen Linhard and Rudolf Meier for their consistently constructive collaboration," Leischner continued.
R. STAHL has already started looking for suitable candidates who will use their expertise to implement the upcoming changes together with the Executive Board and the Supervisory Board.
Until further notice, the CEO of R. STAHL AG, Dr Mathias Hallmann, will lead the company as sole director again.
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 the oil & gas industry, the chemical and pharmaceutical industry and the food industry. In 2019, global sales amounting to about €275 million were generated by 1,669 employees. The shares of R. STAHL AG are traded on the Regulated Market/Prime Standard of Deutsche Boerse (ISIN DE000A1PHBB5).
Forward-looking statements
This release contains forward-looking statements based on assumptions and estimates of R. STAHL's management. Although we assume that the expectations of these forward-looking statements are realistic, we cannot guarantee that these expectations will prove to be correct. The assumptions may involve risks and uncertainties that could cause the actual results to differ materially from the forward-looking statements. Factors that may cause such discrepancies include: changes in the macroeconomic and business environment, exchange rate and interest rate fluctuations, the roll-out of competing products, a lack of acceptance of new products or services, and changes in business strategy. R. STAHL does not plan to update these forward-looking statements nor does it accept any obligation to do so.
Contact:
R. STAHL AG
Dr. Thomas Kornek
Senior Vice President Investor Relations & Corporate Communications
Am Bahnhof 30
74638 Waldenburg (Württ.)
Germany
Tel. +49 7942 943-1395
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