STEICO SE proposes Prof. Heinrich Köster, President of Rosenheim University, for election to the Administrative Board.
Feldkirchen (Munich), 7 May 2019 - (ISIN DE000A0LR936) - There will be regular new elections to the Administrative Board at STEICO SE's Ordinary General Meeting on 27 June 2019.
The previous Deputy Chairman of the Administrative Board, Mr. Uto Baader, will not stand for re-election for reasons of age. Mr. Baader, founder and CEO of Baader Bank AG for many years, has been a member of STEICO's Administrative Board since 2007, the year the company went public. His expertise as a banker and financial market expert allowed him to make significant contributions to the company's success. The Management Committee and the Administrative Board of STEICO SE express their special thanks to Mr. Baader and wish him all the best for the future.
The Administrative Board proposes Professor Heinrich Köster to the Annual General Meeting as a new member of the Administrative Board. Prof. Köster is President of the Technical University of Rosenheim, which, with its Faculty of Wood Technology and Construction, is one of the world's leading research and training institutes in the field of timber construction.
Prof. Köster holds the Order of Merit of the Federal Republic of Germany (Bundesverdienstkreuz) and has an international reputation for his scientific achievements in the wood industry and for his social commitment. By being elected to the Administrative Board, the company expects him to make a lasting contribution to the future positioning and growth of the STEICO Group.
The other members of the current STEICO Administrative Board will stand for re-election at the Annual General Meeting:
- Udo Detlev Schramek, STEICO SE's CEO.
In the event of his re-election, Mr. Schramek will again be available for the office of Chairman of the Administrative Board.
- Katarzyna Schramek, jurist
- Dr. Jürgen Klass, attorney
STEICO develops, produces and markets ecological construction products made of renewable raw materials. STEICO is the European market leader in the wood-fibre insulation materials segment.
STEICO is positioned as a system provider for ecological residential construction and is the only manufacturer in the industry to offer an integrated wooden construction system in which ecological insulation material and construction components supplement each other. These include elements for the supporting structure including laminated veneer lumber and I-joists, flexible and stable wood fiber insulation panels, composite thermal insulation systems, insulation panels with a reinforcing effect, as well as cavity wall insulation made of wood fibers and cellulose. The construction elements comprise I-joists and laminated veneer lumber. In addition, the STEICO group also produces fiberboard and operates in the wood trade.
The Munich-based company's products are used in new construction and when renovating roofs, walls, ceilings, floors and facades. STEICO's products allow the construction of future-proof, healthy buildings with a particularly high quality of living and a healthy atmosphere. STEICO's products offer reliable protection against cold, heat and also noise, and they permanently improve the building's energy efficiency.
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