Grenke AG - Board/Management Information 2018

News Details

Corporate | 1 February 2018 16:10

Wolfgang Grenke to retire from the Board of Directors of GRENKE AG as planned

DGAP-News: GRENKE AG / Key word(s): Change of Personnel

01.02.2018 / 16:10

The issuer is solely responsible for the content of this announcement.

Wolfgang Grenke to retire from the Board of Directors of GRENKE AG as planned

Baden-Baden, February 1, 2018: Wolfgang Grenke, founder and chairman of the Board of Directors of GRENKE AG, informed the Supervisory Board in today’s meeting that he will not seek reappointment to the Company’s Board of Directors. The Supervisory Board was already aware of Wolfgang Grenke’s intention to place the management of the Company in younger hands in the near future. Nevertheless, the Supervisory Board accepted this news with great regret.

The Supervisory Board expressed its sincere appreciation to Wolfgang Grenke and paid tribute to the outstanding achievements this great entrepreneur has accomplished over the past forty years for his company and life’s work. The Board wishes him all the best in the future.

Wolfgang Grenke will leave the Board of Directors at the end of his term on February 28, 2018. As previously planned, the Supervisory Board unanimously appointed its former deputy, Ms Antje Leminsky, as Mr Grenke’s successor as Chairman of the Board of Directors. Ms Leminsky will assume her new position effective March 1, 2018. In addition to her previous responsibility for IT and personnel strategy, she will also be responsible in her new role for the Consolidated Group’s strategy, risk controlling and the credit centre. Sebastian Hirsch, as a member of the Board of Directors responsible for the areas of controlling, M&A and treasury, will also assume responsibility for the legal, tax and investor relations departments, which includes the capital market communications of the GRENKE Consolidated Group. There is currently no plan to appoint a new member to the Board of Directors.

For more information, please contact:

GRENKE AG

Investor Relations

Renate Hauss

Neuer Markt 2

76532 Baden-Baden

Phone: +49 7221 5007-204

Email: [email protected]

Internet: http://www.grenke.de

About GRENKE

The GRENKE Group (GRENKE) is a global financing partner for small and medium-sized companies. As a one-stop shop for customers, GRENKE’s products range from flexible small-ticket leasing and demand-driven bank products to convenient factoring. Fast and easy processing and personal contract with customers and partners are at the centre of GRENKE’s activities.

Founded in 1978 in Baden-Baden, the Company operates in 31 countries and employs more than 1,300 staff worldwide. GRENKE shares are listed in the SDAX on the Frankfurt Stock Exchange (ISIN: DE000A161N30).

Further information about GRENKE and its products is available at http://www.grenke.de

01.02.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.dgap.de


Language:	English
Company:	GRENKE AG
	Neuer Markt 2
	76532 Baden-Baden
	Germany
Phone:	+49 (0)7221 50 07-204
Fax:	+49 (0)7221 50 07-4218
E-mail:	[email protected]
Internet:	www.grenke.de
ISIN:	DE000A161N30
WKN:	A161N3
Indices:	SDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange