The supervisory board of Stabilus held an extraordinary meeting at which it named Dr. Michael Büchsner as the company's new Chief Executive Officer. It is anticipated that Michael Büchsner will take up his position as CEO in the course of the third quarter of the 2019 calendar year, and by October 1, 2019 at the very latest. Dr. Büchsner will thus succeed Dr. Stephan Kessel, who on August 1, 2018 vacated his seat on the supervisory board in order to take up the position of interim CEO.

Dr. Stephan Kessel will rejoin the supervisory board on July 31, 2019, Luxembourg law prescribing that a supervisory board seat may be dormant for a maximum period of one year. The supervisory board mandate of the current Chairman, Udo Stark, shall, as previously announced, end once Stephan Kessel rejoins the supervisory board.