The Supervisory Board of SGL Carbon SE has resolved today to appoint Dr. Michael Majerus (53) as CFO effective July 1, 2014 for a three year term until June 30, 2017.
Susanne Klatten, Chair of the Supervisory Board of SGL Carbon SE: “With Dr. Majerus we are gaining a CFO with extensive experience in the financial and industrial markets. He will actively use his expertise for the re-positioning of SGL Group. We are looking forward to working together with him and wish him success and all the best for his new role.
By mutual agreement, Jürgen Muth will step down from the Board of Management as of June 30, 2014.
Susanne Klatten, Chair of the Supervisory Board of SGL Carbon SE: „We would like to express our gratitude to Mr, Muth for his successful work. We wish him success and all the best both professionally and personally. In his 6 year term as CFO he has in particular put the Group financing on a solid and long-term basis.”
Dr. Michael Majerus was born on February 6, 1961 in Cologne and studied business administration at the University of Cologne. Following his doctorate at the University of Siegen, he commenced his professional career in 1989 in the financial controlling department at Mannesmann AG. In the following years he held various executive functions in finance-related areas within the Mannesmann Group. From 1999 to 2000, as Central Divisional Director, he had responsibility for financial controlling and accounting at the Mannesmann Group. Following the acquisition by Vodafone, he held the same position for the industrial activities under the umbrella of ATECS Mannesmann AG. From the end of 2000 until 2006, he was a member of the divisional management board and CFO of the Memory Products Division at Infineon Technologies AG. After the division became a legally independent entity incorporated as Qimonda AG, he was appointed CFO and Labor Director of the company in 2006 and subsequently prepared the company's IPO on the New York Stock Exchange. Following his departure from Qimonda AG, he became a member of the management board (CFO) of PHOENIX Pharmahandel GmbH & Co KG from 2009 to 2013.
About SGL Group – The Carbon Company
SGL Group is one of the world’s leading manufacturers of carbon-based products and materials. It has a comprehensive portfolio ranging from carbon and graphite products to carbon fibers and composites. SGL Group’s core competencies are its expertise in high-temperature technology as well as its applications and engineering know-how gained over many years. These competencies enable the Company to make full use of its broad material base. SGL Group’s carbon-based materials combine several unique properties such as very good electrical and thermal conductivity, heat and corrosion resistance as well as high mechanical strength combined with low weight. Due to industrialization in the growth regions of Asia and Latin America and increased substitution of traditional with innovative materials, there is a growing demand for SGL Group’s high-performance materials and products. Products from SGL Group are used predominantly in the steel, aluminum, automotive and chemical industries as well as in the semiconductor, solar and LED sectors and in lithium-ion batteries. Carbon-based materials and products are also being used increasingly in the wind power, aerospace and defense industries.
With 43 production sites in Europe, North America and Asia as well as a service network covering more than 100 countries, SGL Group is a company with a global presence. In 2013, the Company’s workforce of around 6,300 employees generated sales of €1,477 million. The Company’s head office is located in Wiesbaden.
Further information on the SGL Group can be found online at: www.sglgroup.com
This press release may contain forward-looking statements based on the information currently available to us and on our current projections and assumptions. By nature, forward-looking statements involve known and unknown risks and uncertainties, as a consequence of which actual developments and results can deviate significantly from these forward-looking statements. Forward-looking statements are not to be understood as guarantees. Rather, future developments and results depend on a number of factors; they entail various risks and unanticipated circumstances and are based on assumptions which may prove to be inaccurate. These risks and uncertainties include, for example, unforeseeable changes in political, economic, legal, and business conditions, particularly relating to our main customer industries, such as electric steel production, to the competitive environment, to interest rate and exchange rate fluctuations, to technological developments, and to other risks and unanticipated circumstances. Other risks that in our opinion may arise include price developments, unexpected developments connected with acquisitions and subsidiaries, and unforeseen risks associated with ongoing cost savings programs. SGL Group does not intend or assume any responsibility to revise or otherwise update these forward-looking statements.