Schaltbau Holding AG

  • WKN: A2NBTL
  • ISIN: DE000A2NBTL2
  • Land: Deutschland

Nachricht vom 04.03.2020 | 13:42

Schaltbau Holding AG: Supervisory Board appoints Dr Jürgen Brandes as new member of the Executive Board to succeed Dr Albrecht Köhler

DGAP-News: Schaltbau Holding AG / Key word(s): Personnel
04.03.2020 / 13:42
The issuer is solely responsible for the content of this announcement.

Schaltbau Holding AG: Supervisory Board appoints Dr Jürgen Brandes as new member of the Executive Board to succeed Dr Albrecht Köhler

 

- With effect from 1 April, Dr Jürgen Brandes appointed Executive Board member responsible for the Components segment

- Dr Jürgen Brandes succeeds Dr Albrecht Köhler as Chairman of the Executive Board at the turn of the year

- Dr Albrecht Köhler (CEO) will continue to serve the Schaltbau Group in an advisory capacity after the age-related expiry of his appointment to the Executive Board on 31 December 2020

Munich, 4 March 2020 - At today's meeting, the Supervisory Board of Schaltbau Holding AG [ISIN DE000A2NBTL2] appointed Dr Jürgen Brandes as new member of the Executive Board. Dr Brandes will be responsible for the Components segment with effect from 1 April 2020.

"With Dr Brandes we have found an outstanding executive with the required expertise and vision to successfully manage our next phase of growth," said Dr Hans Fechner, Chairman of the Supervisory Board of Schaltbau Holding AG. "In addition to his outstanding expertise in electrical mechanical engineering, electrical engineering and automation, our Group will benefit in particular from his comprehensive personal management experience in international business."

Dr Jürgen Brandes has more than 35 years of professional experience in the fields of electrical mechanical engineering, electrical engineering and automation. During his many years at Siemens AG, he gained operational and strategic management experience in all key corporate functions, including numerous general management functions - most recently as CEO of the Process Industries and Drives division. Dr Brandes also has deep industry knowledge in diverse process industries, in supplier industries, in engineering, and especially in electromobility and the rail sector, including modern signalling technology.

"I greatly look forward to taking up my new position in the Schaltbau Group and view the company's current situation as an ideal time to join the management team," Dr Jürgen Brandes commented. "Schaltbau has a wealth of experience and knowledge in proven, safety-relevant key technologies for DC applications in the rail sector, which will also be called for in the emerging growth markets of new mobility, new energy and new industry. I see the development and implementation of the Group's further growth strategy as a fascinating personal challenge."

The Components segment is represented by the Schaltbau GmbH Group, which primarily develops, produces, and sells connectors, snap-action switches, contactors and driver's cab equipment that meet the highest safety standards. Contactors are electrically actuated switches for handling high-voltage currents that have long been installed in locomotives and multiple units. However, they are also increasingly being used in the field of electric mobility and for generating renewable energy in wind farms or photovoltaic power plants as well as for Industry 4.0 applications. The overall safety of the various systems is regularly the primary concern here.

"The expansion of our management team through the addition of Dr Brandes is a great advantage for the Schaltbau Group," commented Dr Albrecht Köhler, Chairman of the Executive Board of Schaltbau Holding AG. "Against the backdrop of the growth strategy we have already adopted, the management team of the holding company will thus provide us with vital support for successfully and sustainably leveraging the market potential that exists in the Components segment, even after my appointment to the Executive Board."

Dr Albrecht Köhler's period of service on the Executive Board comes to an end for age-related reasons on 31 December 2020. He will, however, continue to benefit the Company with his wealth of sector expertise in an advisory capacity.

About the Schaltbau Group
Schaltbau Holding AG (ISIN: DE000A2NBTL2) is listed in the Prime Standard segment of the regulated market of Deutsche Börse AG in Frankfurt am Main. With annual Group revenue in the region of EUR 500 million and around 3,000 employees, Schaltbau is an internationally leading supplier of systems and components in the field of transportation technology and the capital goods industry. With Schaltbau, Bode, Pintsch and SBRS as their core brands, Schaltbau Group companies develop a wide range of high-quality technologies and customer-specific technological solutions for rolling stock, rail infrastructure, road vehicles and commercial vehicles. As one of the few specialists for intelligent DC energy concepts, the Schaltbau Group is also a driver of innovation for the fast-growing markets of tomorrow such as new mobility, new energy and new industry. To find out more about the Schaltbau Group, go to: https://schaltbaugroup.com/

Contact
Dr Kai Holtmann
Head of Investor Relations & Corporate Communications
Schaltbau Holding AG
Hollerithstraße 5
81829 Munich
Germany
T +49 89 93005-209
investor@schaltbau.de
www.schaltbaugroup.de



04.03.2020 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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