Klöckner & Co SE reorganizes its management team. The Supervisory Board appointed Dr. Oliver Falk and John Ganem to the Management Board effective August 1, 2019. Jens Wegmann, who has been a member of the Management Board of Kl-ckner & Co SE since December 1, 2017, will leave Kl-ckner & Co SE in agreement with the Company as of July 31, 2019. His responsibilities as COO will be assumed by John Ganem in the US and by Gisbert R-hl, CEO of the Company, in Europe. The Supervisory Board thanks Jens Wegmann for his commitment and wishes him all the best for the future. Dr. Oliver Falk takes over the function of CFO, which was temporarily assumed by the CEO, Gisbert R-hl. The Group Management Board of Kl-ckner & Co SE will thus consist of Gisbert R-hl, Chairman of the Management Board and CEO Europe, Dr. Oliver Falk, CFO, and John Ganem CEO Americas. Dr. Oliver Falk has been successfully active in leading positions in the Group for more than 25 years and is currently CFO of Kloeckner Metals Europe GmbH. As CEO of the US subsidiary Kloeckner Metals Corporation, John Ganem has been making a significant contribution to the company's success in the USA for several years.