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Tuesday 14 April, 2020

technotrans SE

Personnel changes on the Board of Management and Supervisory Board of technotrans SE

DGAP-News: technotrans SE / Key word(s): Personnel
technotrans SE: Personnel changes on the Board of Management and Supervisory Board of technotrans SE

14.04.2020 / 07:30
The issuer is solely responsible for the content of this announcement.


Personalia

 

- Supervisory Board appoints Michael Finger to the Board of Management as of May 1, 2020

- Dieter Schäfer leaves Supervisory Board; Andrea Bauer nominated as successor

- Virtual Annual General Meeting on May 20, 2020

Sassenberg, April 14, 2020 - Personnel changes in the technotrans Group: Effective May 1, 2020, the Supervisory Board will expand the Board of Management of technotrans SE to include Michael Finger, who will initially assume responsibility for sales in the new markets division. Changes also in the Supervisory Board: Dieter Schäfer has resigned for personal reasons. Andrea Bauer will be proposed as his successor at the Annual General Meeting on May 20, 2020. Based on the COVID-19 legislation, technotrans will hold a virtual Annual General Meeting this year at the originally planned time.

Michael Finger will become a new member of the Board of Management of technotrans SE effective May 1, 2020. As CSO within the Group, the 49-year-old graduate mechanical engineer will initially assume responsibility for sales on the so-called new markets. Mr. Finger has previously held various management positions internationally, including at Hella, TT Electronics and Winkelmann Automotive.

"We are pleased to have found in Mr. Finger a proven sales expert with an automotive-related background, who, building on his expertise, will dynamically continue the growth course we have embarked on in the new markets and especially in electromobility," explains Heinz Harling, Chairman of the Supervisory Board.

technotrans's Board of Management will thus consist of four members in the future: Dirk Engel (Chairman of the Board of Management and CFO), Michael Finger (CSO), Peter Hirsch (CTO/COO) and Hendirk Niestert (CSO), who will initially focus his sales responsibility on the Print and Services division, before handing over overall sales responsibility to Mr. Finger in the medium term and taking over tasks from Mr. Hirsch as the new COO.

"I am very much looking forward to my new position in the technotrans Group and the opportunity to shape the future of the Group together with my colleagues," said Michael Finger.

"The appointment of Mr. Finger is a good decision for the technotrans Group," said Dirk Engel, Chairman of the Board of Management. "Mr. Finger's competence profile is a perfect addition to our Board of Management team to drive forward and sustainably shape the strategic realignment initiated under the motto 'Shaping the future through development!'.

Changes in the Supervisory Board
In addition to the changes on the Board of Management of technotrans SE, there are also changes on the side of the Supervisory Board. Dieter Schäfer, who has been a member of the Supervisory Board as a shareholder representative since 2010, is leaving the Supervisory Board for personal reasons at the end of this year's Annual General Meeting.

The Supervisory Board will propose Ms. Andrea Bauer to the Annual General Meeting as his successor in office. Ms. Bauer is a tax consultant, auditor and Certified Public Accountant (CPA). She was most recently a member of the Management Board of VDM Metals Holding GmbH and CFO of VDM Metals Group. She is currently a member of the Supervisory Board of Aurubis AG, among others.
"We are very pleased that Ms. Bauer is the first woman to join the Supervisory Board of technotrans. Her extensive knowledge and experience in corporate management, accounting and the application of internal and external control systems fill the gap left by our esteemed colleague Dieter Schäfer, whom we would like to thank for his many years of service to technotrans SE," says Heinz Harling, Chairman of the Supervisory Board.

The Supervisory Board will propose the election of Ms. Bauer to the Supervisory Board of technotrans SE at the Annual General Meeting on May 20, 2020.

Virtual Annual General Meeting 2020
In view of the current legal situation, which does not permit larger meetings, the event will be held as a virtual Annual General Meeting based on COVID-19 legislation without the physical presence of shareholders or their proxies. The invitation to the Annual General Meeting is published in the Federal Gazette (Bundesanzeiger) of April 9, 2020.

For further information, visit: https://www.technotrans.de

About technotrans SE:

technotrans is a technology company and leading systems supplier of industrial applications in the area of fluid management. The core skills of the Group of companies comprise technological solutions for cooling and temperature control, filtration, handling, measuring and metering.

technotrans technology is used in the printing industry, plastics processing industry, laser and machine tool industry as well as in other markets such as medical and scanner technology, and also electric mobility.

The business model comprises two reporting segments: in the Technology segment, the products and systems are developed and built at production plants in Germany, the USA and China. Through the Services segment, the technotrans Group supplements its range of products with a comprehensive range of services such as installation and maintenance, repairs, parts and Technical Documentation. With 18 locations, technotrans has a presence in all important major markets worldwide.

The strategy of the Group of companies is to increase the value of the company over the long term through sustained revenue and earnings growth. Through technological innovations and targeted acquisitions, the Group of companies is steadily opening up new sales markets and increasing its market penetration.

technotrans is listed in the Prime Standard (ISIN: DE000A0XYGA7 / WKN: A0X YGA) and employs 1,460 people worldwide. It achieved consolidated revenue of EUR 207.9 million in the 2019 financial year.
 
Contact for journalists: Contact for publishers' representatives:
Lukas Schenk
Sputnik GmbH
Press and Public Relations
Hafenweg 9
48155 Münster
Tel.: +49 (0)251 625561-131
Fax: +49 (0)251 625561-19
[email protected]
www.sputnik-agentur.de
Frank Dernesch
Investor Relations
technotrans SE
Robert-Linnemann-Strasse 17
48336 Sassenberg
Tel.: +49 (0)2583 301-1868
Fax: +49 (0)2583 301-1054
[email protected]
www.technotrans.de


14.04.2020 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.

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Language: English
Company: technotrans SE
Robert-Linnemann-Str. 17
48336 Sassenberg
Germany
Phone: +49 (0)2583 - 301 - 1000
Fax: +49 (0)2583 - 301 - 1030
E-mail: [email protected]
Internet: http://www.technotrans.de
ISIN: DE000A0XYGA7
WKN: A0XYGA
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1019609

 
End of News DGAP News Service

1019609 14.04.2020 

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