SKW STAHL METAL : SKW Stahl-Metallurgie Holding AG appoints Dr. Kay Michel as new Chairperson of the Executive Board (CEO)

January 28, 2014

Unterneukirchen (Germany). In its meeting of today, the Supervisory Board of SKW Stahl-Metallurgie Holding AG appointed Dr. Kay Michel (57) as Chairperson of the Executive Board (CEO). Dr. Kay Michel will take over the chairperson function effective April 1, 2014 from Ines Kolmsee, who will leave the company at the end of March 2014 with the expiration of her contract and after transferring the business affairs.

Dr. Kay Michel commands a long-standing track record in leading positions in industrial operative management as well as in an international efficiency improvement context. In the last 20 years, he has held central roles in complex business challenges, as well as in the strategic development of international companies. From 2003 to 2007, Dr. Kay Michel was instrumental in building the German business of the international consulting firm Alvarez & Marsal (A&M). Before that, he held leading positions at Philipp Holzmann AG, Krone AG, and Asea Brown Boveri AG.

Dr. Kay Michel, with a tertiary degree in business and engineering, began his career at Krupp Group where he worked at company, divisional and finally at group level.

Titus Weinheimer, Chairperson of the Supervisory Board of SKW Stahl-Metallurgie Holding AG, said: “With Dr. Michel, we secured for SKW Metallurgie a known expert for the strategic realignment of SKW Metallurgie. Under his leadership, the further internationalization of SKW Metallurgie as well as the conquest of new markets shall be significantly enhanced.â€

“The Supervisory Board thanks Ms. Kolmsee explicitly for her outstanding merits in the interest of the company. Ms. Kolmsee contributed a decisive part to the successful IPO, and under her leadership, SKW Metallurgie developed into a leading specialty chemicals company,“ said Mr. Weinheimer.

Further information on the Group can be found on this website.

Contact
SKW Stahl-Metallurgie Holding AG
Christian Schunck
Head of IR and Corporate Communications
Rathausplatz 11
84579 Unterneukirchen
Germany

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About SKW Stahl-Metallurgie Holding AG

The SKW Metallurgie Group is the global market leader for chemical additives for hot metal desulphurization, and for cored wire used in secondary metallurgy. The Group’s products enable steel-makers to efficiently manufacture high-quality steel products. Clients include the world's leading companies in the steel industry. The SKW Metallurgie Group has more than 50 years of metallurgical know how, and currently operates in more than 40 countries. What is more, the Group is a leading supplier of Quab specialty chemicals, which are mainly used in the global production of industrial starch for the paper industry. The company’s operating business is broken down into the two core segments “Cored Wire†and “Powder and Granulesâ€, and the “Other†segment. The SKW Metallurgie Group is headquartered in Germany with production facilities in France, the US (6), Canada, Mexico, Brazil, South Korea, Sweden, Bhutan, Russia, the Peoples' Republic of China (2) and India (2 via joint venture).

Shares of SKW Stahl-Metallurgie Holding AG have been listed in Frankfurt Stock Exchange's Prime Standard since December 1, 2006 with ISIN DE000SKWM013 (from August 15, 2011: new ISIN DE000SKWM021).

DISCLAIMER
This press release contains statements on future developments that are based on currently available information and involve risks and uncertainties that could cause the actual results to differ from these forward-looking statements. These risks and uncertainties include, for example, unpredictable changes in political and economic conditions, particularly in the steel and paper industry, the competitive situation, interest and currency risks, technological development as well as other risks and unexpected circumstances. SKW Stahl-Metallurgie Holding AG and its Group companies accept no obligation to update such forward-looking statements.