Industry News

Dürr will Downsize its Board of Management

Published on 2005-04-05. Author : SpecialChem

Stuttgart -- A proposal will be submitted to the Supervisory Board of Dürr AG for discussion at the meeting on April 20, 2005 that as part of the realignment of the Group structure, Board of Management membership be reduced from four to three members.

In February, Dürr announced it was creating a leaner corporate structure and since March 1, 2005 has operated through two divisions: Paint and Assembly Systems as well as Measuring and Process Systems. Dürr was previously subdivided into five business units. The smaller Board of Management would thus be more appropriate to the new Group structure.

Stephan Rojahn, 56, CEO and Chairman of the Board of Management of Dürr AG is likewise responsible for the newly merged Paint and Assembly Systems division. Ralf Dieter, 44, is Board member in charge of the Measuring und Process Systems division. Dr. Norbert Klapper, 42, hitherto responsible for the Services (Premier) business unit now sold to the Voith Group and for the Final Assembly Systems business unit, which has now been merged with Paint Systems, has asked that his contract, which runs until September 30, 2005, not be renewed, as he wishes to dedicate himself to other challenges.

The previous CFO Kay Bönisch, 44, will be retiring from office by mutual agreement as of April 20, 2005. Martin Hollenhorst, 46, is to be appointed new CFO of Dürr AG.

After studying business administration, Hollenhorst spent six years as a senior consultant with Deloitte and Touche, before working for the Vossloh Group in an executive capacity for seven years. From 2000 to 2002, Hollenhorst worked in the United States for various companies. From 2002 to 2004 he was initially CFO at Lion Bioscience AG and then Co-CEO.

Source: Dürr AG

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