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GEA Group AG
Board/Management Information • Mar 18, 2018
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Board/Management Information
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Ad-hoc | 18 March 2018 14:59
GEA Group Aktiengesellschaft: GEA’s CEO will not renew his contract enabling the next generation of leadership
GEA Group Aktiengesellschaft / Key word(s): Change of Personnel
GEA Group Aktiengesellschaft: GEA’s CEO will not renew his contract enabling the next generation of leadership
18-March-2018 / 14:59 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
**Ad hoc disclosure in accordance with article 17 of MAR
GEA’s CEO will not renew his contract enabling the next generation of leadership**
Today, the long-standing CEO of GEA Group Aktiengesellschaft, Jürg Oleas (60), has informed the Chairman of the Supervisory Board, Dr. Helmut Perlet, that he is not seeking to extend his term of office beyond December 31, 2019. Furthermore, Jürg Oleas also suggested to leave the Executive Board at the Annual General Meeting in April 2019 in order to allow a swift change in leadership.
Dr. Helmut Perlet deeply regrets Jürg Oleas’s decision while respecting this step at the same time. The Supervisory Board will shortly discuss any further course of action and commence the formal selection process without delay. The goal is to appoint a successor by the end of 2018.
Contact – person making the notification :
Marc Pönitz
Head of Corporate Media & Press
Phone +49 211 9136 1500
Fax +49 211 9136 31500
18-March-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | GEA Group Aktiengesellschaft |
| Peter-Müller-Straße 12 | |
| 40468 Düsseldorf | |
| Germany | |
| Phone: | +49 (0)211 9136-0 |
| Fax: | +49 (0)211 9136-31087 |
| E-mail: | [email protected] |
| Internet: | www.gea.com |
| ISIN: | DE0006602006 |
| WKN: | 660200 |
| Indices: | MDAX |
| Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich; Regulated Unofficial Market in Hanover, Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |