FUCHS PETROLUB announces changing of the guard of its Supervisory Board in 2019
As part of the long-term organization of the Supervisory Board of FUCHS PETROLUB SE Dr. Jürgen Hambrecht intends to resign from his position as Chairman of the Supervisory Board, which he assumed in 2011, at the end of the Annual Shareholders' Meeting on May 7, 2019. The Supervisory Board will propose to the Shareholders' Meeting Dr. Kurt Bock, former CEO of BASF SE, to succeed Dr. Hambrecht in the Supervisory Board. If elected, the Supervisory Board intends to appoint Dr. Bock as Chairman.
At the upcoming elections of the Supervisory Board members in 2020, Dr. Erhard Schipporeit will retire from the Supervisory Board. Dr. Schipporeit has been a member of FUCHS PETROLUB's Supervisory Board as well as the Chairman of its Audit Committee since 2008. Since 2017 he has also been Deputy Chairman of the Supervisory Board. At the Annual Shareholders' Meeting in 2020, the Supervisory Board will propose Dr. Christoph Loos, CEO of HILTI AG, for election to the Supervisory Board.
FUCHS PETROLUB SE is delighted that these two proposals for succession will once again attract renowned entrepreneurial personalities with international experience for its Supervisory Board.
Mannheim, February 6, 2019
FUCHS PETROLUB SE
Friesenheimer Str. 17
Tel. +49 621 3802-1104
The FUCHS Group develops, produces and markets high-grade lubricants and related specialties for virtually all industries and areas of application. Formed in Mannheim in 1931, the Group employs more than 5,000 people worldwide at 58 operating companies. FUCHS is the world's largest independent lubricant manufacturer. Its most important markets in terms of sales revenues are Western Europe, Asia and North America.
This press release contains statements about future developments that are based on assumptions and estimates by the management of FUCHS PETROLUB SE. Even if the management is of the opinion that these assumptions and estimates are accurate, actual future developments and results can differ significantly from these assumptions and estimates due to a variety of factors. These factors can, for example, include changes in the overall economic climate, changes in procurement prices, changes in exchange rates and interest rates, and changes within the lubricants industry. FUCHS PETROLUB SE provides no guarantee that future developments and the results actually achieved in the future will match the assumptions and estimates set out in this press release and assumes no liability for such.
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