R. Stahl AG

  • WKN: A1PHBB
  • ISIN: DE000A1PHBB5
  • Land: Deutschland

Nachricht vom 28.06.2021 | 15:30

Changes in the Executive Board of R. STAHL AG

DGAP-News: R. Stahl AG / Key word(s): Personnel
28.06.2021 / 15:30
The issuer is solely responsible for the content of this announcement.

Changes in the Executive Board of R. STAHL AG


Waldenburg, 28 June 2021 - The Supervisory Board of R. STAHL AG appointed Bernardo Kral (55) as a member of the Executive Board as of 1 August 2021. This was announced by the company today. Kral joined R. STAHL 2018 along with the strategic realignment of the Group and was heading the global production since then. In its future role as Chief Operating Officer, he will additionally drive the cross-functional evolution of all global structures and processes as well as the operationalization of the Group strategy.

"Operational excellence is a strong value lever to improve efficiency and expand our technology and market position and thus is at the core of R. STAHL's strategic goal of profitable growth. With the appointment of Bernardo Kral, who has been instrumental in shaping the structural and procedural improvements of our global production and the automation of manufacturing processes over the past three years, the Supervisory Board strengthens this strategy and underpins continuity also at the Executive Board level", said Peter Leischner, Chairman of the Supervisory Board of R. STAHL. "Also on behalf of the entire Supervisory Board, I wish him great success in his future work."

"I am very delighted about the appointment of Bernardo Kral to the Executive Board of R. STAHL. We have a trustful and successful collaboration in various leadership functions since 2009 in common, and we will now add the next chapter to it. In addition to his achievements for our company so far, Bernardo Kral brings decades of experience in the optimization of processes along the entire value chain of manufacturing companies into his new role", Dr Mathias Hallmann, Chief Operating Officer of R. STAHL commented. Following the changes in the Executive Board, Dr Hallmann will be responsible for the Group functions Finance, Governance, risk & compliance, Human Resources, Investor Relations & Corporate Communications, IT, Marketing & Innovation, Procurement, Sales and Strategy.

Kral has a strong technical and commercial background and gained extensive leadership expertise in multinational corporations. He studied mechanical engineering and industrial business administration as well as financial and strategic management in Brazil. Starting his professional career in 1990 as Head of production at Freudenberg Sealing Technologies, he moved to Festo Automation Ltd. in the same role in 1995. Two years later, he took over the function of the Operations Manager of the Fuel Dispenser division of Danaher Corporation before joining Parker Hannifin Corporation as Managing Director of the Seals and Refrigeration divisions in 2003. Another six years later, he moved to Voestalpine Welding Group as Managing Director of the America region, where he also was responsible for the implementation of the global Lean strategy. In 2013, he became Managing Director of Lincoln Electric's subsidiary in Brazil. Before joining R. STAHL, he was Managing Director and partner at K-Square Consulting, Sao Paulo, with a focus on restructuring, M&A and change management. Kral grew up in Brazil, has a Brazilian and Austrian citizenship, is married and has two children. His contract has a term of three years.


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 signaling/alarming up to automation. Typical customers are the oil & gas industry, the chemical and pharmaceutical industry and the food industry. In 2020, global sales amounting to €247 million were generated by 1,690 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 rollout 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
investornews@r-stahl.com


28.06.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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