Bertrandt AG: Bertrandt setting course for continuity at the Management Board and the Supervisory Board
November 05, 2018 at 09:00 am EST
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DGAP-News: Bertrandt AG / Key word(s): Change of Personnel
Bertrandt AG: Bertrandt setting course for continuity at the Management Board and the Supervisory Board
05.11.2018 / 14:56
The issuer is solely responsible for the content of this announcement.
Bertrandt setting course for continuity at the Management Board and the Supervisory Board
The expiry of the term of office of the Supervisory Board Chair, Dr. Klaus Bleyer, is at the end of the Annual Shareholders' Meeting on 20. February 2019. The Supervisory Board intends to prepare a suitable succession. The Supervisory Board therefore intends - subject to sufficient support by shareholders according to section 100 (2) No. 4 German Stock Corporation Act - to propose to the shareholders meeting that Dietmar Bichler be elected as a member of the Supervisory Board. The Supervisory Board Chair, Dr. Klaus Bleyer, will recommend the election of Dietmar Bichler as his successor as the Supervisory Board Chair, following the end of the shareholders' meeting in 2019. Therefore, Dietmar Bichler will resign from his mandate as CEO of Bertrandt Aktiengesellschaft, effective at the end of the Annual Shareholders' Meeting on 20 February 2019. Dietmar Bichler stated today in the Supervisory Board Meeting, that his candidacy for Supervisory Board and the Supervisory Board Chair offers the opportunity to accompany Bertrandt Group's future development on a long-term basis in a new role.
According to the German Corporate Governance Code the Supervisory Board Chair shall be between the Meetings of the Supervisory Board "in regular contact with the Management Board (.) in order to discuss with them issues of strategy, planning, business development, the risk situation, risk management and compliance of the company." Termination of his mandate as CEO of Bertrandt Aktiengesellschaft will ensure that Dietmar Bichler has sufficient time available to discharge these duties.
In its meeting today, the Supervisory Board of Bertrandt Aktiengesellschaft therefore has decided to consent to the resignation by Dietmar Bichler and to appoint the other Members of the Board of Management, Michael Lücke, Markus Ruf and Hans-Gerd Claus for a new term of five years to ensure a long-term succession.
In this way, the Supervisory Board not only is emphasizing continuity, but has also simultaneously decided to mirror the importance of overarching work for Bertrandt Group's development consequently on the management board level by forward-looking networked management. After the resignation of Mr Bichler from the Board of Management effective at the end of the Annual Shareholders' Meeting on 20 February 2019 the Board of Management will work without highlighting a single Person as CEO or Board Spokesman.
The Supervisory Board will decide upon his nominations to the shareholders meeting 2019 within the agenda of his regular board meeting on 10. December 2018.
05.11.2018 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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Language:
English
Company:
Bertrandt AG
Birkensee 1
71139 Ehningen
Germany
Phone:
+49 (0)7034/656-4201
Fax:
+49 (0)7034/656-4488
E-mail:
markus.goetzl@de.bertrandt.com
Internet:
www.bertrandt.com
ISIN:
DE0005232805
WKN:
523280
Indices:
SDAX
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
Bertrandt AG is a Germany-based company that develops individual solutions for the international automotive and aviation industries in Europe, China and the United States. It provides technical and commercial services throughout Germany in sectors such as electrical engineering, energy, mechanical engineering and medical technology. The Companyâs services include all process steps in the project phases of conceptual design, product design, development, modeling, tool production, vehicle construction and production planning right through to start of production and production support. Furthermore, the individual development steps are validated by simulation, prototype building and testing. The Companyâs services include: design services, interior, vehicle body, powertrain, chassis, simulation, electronics, modeling/rapid technology, testing and engineering services, among others.
BERTRANDT AG 
