SGL CARBON SE — Board/Management Information 2004

Sep 17, 2004

News Details

Ad-hoc | 17 September 2004 13:58

Max Dietrich Kley the New Supervisory Board Chairman of SGL Carbon

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Max Dietrich Kley the New Supervisory Board Chairman of SGL Carbon Sten Daugaard succeeds Dr. Bruno Toniolo as Chief Financial Officer WIESBADEN, September 17, 2004. At its regular meeting of today, the Supervisory Board of SGL Carbon AG elected Max Dietrich Kley as its Chairman. He was appointed to the Supervisory Board at the Annual General Meeting on April 30, 2004. Professor Dr. Utz-Hellmuth Felcht, Chairman of the Supervisory Board since SGL Carbon was founded in 1992, has recommended this development due to his own increased duties and responsibilities. The Supervisory Board expresses its thanks for his constructive and committed chairmanship. Upon request of the Supervisory Board, Professor Dr. Utz-Hellmuth Felcht has agreed to remain a member of the Supervisory Board for the time being in order to facilitate an optimal handover to the new Chairman. Max Dietrich Kley, until May 2003 Chief Financial Officer and Deputy Chairman of the Board of Executive Directors of BASF AG, and until recently interim Chairman of the Management Board of Infineon Technologies AG, is a lawyer and serves as advisor and member of a number of German and foreign supervisory boards. He is also President of Deutsche Aktieninstitut (DAI), Chairman of the Stock Market Expert Commission (Börsensachverständigenkommission), and member of the Board of Trustees of the International Accounting Standards Committee Foundation (IASCF). As a member of the so-called Cromme Commission on the German Corporate Governance Code and together with his internationally acknowledged financial expertise, he will contribute to the corporate governance of the Company including its future orientation vis à vis the capital markets following its refinancing and restructuring. Also at its meeting today, the Supervisory Board appointed Sten Daugaard as successor to the Chief Financial Officer Dr. Bruno Toniolo effective January 1, 2005. Dr. Toniolo will be retiring at the end of this year. Sten Daugaard has held the position of Executive Vice President Finance at SGL Carbon since January 2004. He was previously active at the privately owned German airline LTU, Düsseldorf as Chief Executive and General Manager. Besides his longstanding financial experience in various companies in Germany and abroad, Daugaard has considerable turnaround and restructuring expertise. He is 46, a Danish citizen, married, and the father of four children. Concurrently with these changes, Dr. Klaus Warning, member of the Board of Management, will leave the Company at the end of the year in mutual agreement to pursue new interests. With respect to the new orientation of the Company following the successful refinancing and restructuring of its core businesses as well as the envisaged divestment of the Surface Protection business, Dr. Klaus Warning will not be replaced in the Board of Management. As of January 2005, the Board of Management of SGL Carbon AG will therefore be composed as follows: Robert Koehler (CEO), Sten Daugaard (CFO), Theodore Breyer (Carbon Graphite business), Dr. Hariolf Kottmann (Graphite Specialties and SGL Technologies businesses). Board of Management and Supervisory Board express their sincere thanks to Dr. Toniolo and Dr. Warning for their long term successful contribution to the development of SGL Carbon. end of ad-hoc-announcement (c)DGAP 17.09.2004 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: Forward-looking statements: This press release contains forward-looking statements. These statements reflect the current belief of SGL Carbon’s management as well as assumptions made by, and information available to, the SGL Group. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Actual future results and developments could differ materially from those set forth in these statements due to various factors. These factors include changes in the general economic and competitive situation, particularly in SGL Carbon’s businesses and markets; changes resulting from acquisitions and the subsequent integration of companies; and changes resulting from restructuring measures. In addition, future results and developments could be affected by the performance of financial markets; fluctuations in exchange rates; changes in national and supranational law, particularly with regard to tax regulations; and other risks and uncertainties, including those detailed in SGL Carbon’s filings with the U.S. Securities and Exchange Commission. SGL Carbon assumes no obligation to update forward-looking statements. ——————————————————————————– WKN: 723530; ISIN: DE0007235301; Index: MDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 171358 Sep 04