R. STAHL Supervisory Board appoints Bernd Marx as Chief Financial Officer

Fri Dec 14, 2012 3:54am EST

* Reuters is not responsible for the content in this press release.

R. STAHL AG / R. STAHL Supervisory Board appoints Bernd Marx as Chief Financial Officer . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.

Waldenburg, 14 December 2012 - R. STAHL, one of the world's leading suppliers of electrical and electronic products and systems for explosion protection, today announced that the Supervisory Board had appointed Mr Bernd Marx to the Managing Board. As CFO, he will be responsible for the fields Controlling, Finance, IT, Legal and Compliance, Investor Relations and M&A.

In this newly created function, Marx will also head the companies R. STAHL Schaltgeräte GmbH as Commercial Managing Director, the subsidiaries in India and Brazil, as well as HMI Systems and Camera Systems. "My main objectives for 2013 will be to enhance the performance and profitability of the companies," says Marx.

After holding senior positions with IT and construction groups, business graduate Bernd Marx (born 1963) joined R. STAHL in 2004 and initially served as Commercial Director of HMI Systems GmbH, Cologne. As of 2007, he headed the Corporate Finance and Accounting division. In this function, Marx established a transparent and prompt controlling system to efficiently manage the group's companies as well as a modern Treasury department to hedge its global activities; he implemented a group-wide risk management system and played a key role in the turnaround of the group's Indian and Brazilian subsidiaries.

Martin Schomaker, CEO of R. STAHL AG, states: "In Mr Marx, we have chosen an extremely experienced businessman of many areas to take over the important position of CFO at
R. STAHL. This also increases the Managing Board to a number that is more appropriate for a company of our size. In addition to his in-depth knowledge of the company and its international markets, Mr Marx also brings extensive expertise - not only in his future area of responsibility but also in operational management and M&A transactions. I look forward to driving the group's continued profitable growth together with him."

 

Information on R. STAHL - www.stahl.de

R. STAHL is one of the world's leading suppliers of electrical and electronic products and systems for explosion protection. These products and systems prevent explosions in hazardous areas and thus contribute to the safety of man, machine and environment. The spectrum ranges from tasks like switching/distributing, installing, operating/monitoring, lighting and signalling/alarming to automating. Typical customers are such growth industries as the oil & gas industry, the chemical and pharmaceutical industry and the food industry. The company's share of the marine equipment market is growing steadily. More than 1,500 employees generated sales of € 243 million world-wide in 2011. R. STAHL AG is listed on the stock exchange.

 

R. STAHL AG
Communications / Investor Relations
Kerstin Wolf
Am Bahnhof 30
74638 Waldenburg (Württ.)
Deutschland

Phone: 07942.943-4300
Fax: 07942.943-40 4300
E-mail: kerstin.wolf@stahl.de




This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: R. STAHL AG via Thomson Reuters ONE

HUG#1664975

--- End of Message ---

R. STAHL AG
Am Bahnhof 30 Waldenburg Germany

WKN: A1PHBB;ISIN: DE000A1PHBB5;
Listed: Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg,
Freiverkehr in Börse Berlin,
Freiverkehr in Börse Düsseldorf,
Freiverkehr in Bayerische Börse München,
Prime Standard in Frankfurter Wertpapierbörse,
Regulierter Markt in Frankfurter Wertpapierbörse,
Regulierter Markt in Börse Stuttgart;


Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.