HPO

Change in the Board of Directors of Schmolz + Bickenbach

Schmolz + Bickenbach, a global leader in special long steel, announced that Hans Ziegler decided to resign with immediate effect from the Board of Directors of Schmolz + Bickenbach AG due to ongoing investigations relating to his person.

Hans Ziegler was first elected to the Board of Directors of Schmolz + Bickenbach AG on 26 September 2013. Since then he was Chairman of the Audit Committee. Until the Annual General Meeting 2016 he also served as a member of the Compensation Committee.

Edwin Eichler, Chairman of Schmolz + Bickenbach AG: „I would like to thank Hans Ziegler on behalf of the Board of Directors for his very valuable work and wish him all the best and good luck for his future endeavours.“

The Board of Directors will decide upon an eventual appointment for the vacant position at a later stage. A potential successor will be proposed for election to the Annual General Meeting scheduled for 8 May 2017.

(Source: SCHMOLZ + BICKENBACH Group)

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