GEA Group Aktiengesellschaft: GEA's CFO to take early retirement from his position on the Executive Board
April 19, 2018 at 02:50 am EDT
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DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Change of Personnel
GEA Group Aktiengesellschaft: GEA's CFO to take early retirement from his position on the Executive Board
19.04.2018 / 08:45
The issuer is solely responsible for the content of this announcement.
GEA's CFO to take early retirement from his position on the Executive Board
Düsseldorf, April 19, 2018 - Yesterday, the Supervisory Board of GEA Group Aktiengesellschaft and Dr. Helmut Schmale (61), Chief Financial Officer of GEA Group Aktiengesellschaft, have mutually agreed that Helmut Schmale will step down from the Executive Board prior to the termination of his appointment due to expire at the end of March 2021. Pending the decision on his successor, Helmut Schmale will continue to perform his present tasks and responsibilities.
This continues the changing of the guard that was already heralded by GEA's CEO, Jürg Oleas. In a concerted effort, the Supervisory Board is seeking to appoint a CEO and a CFO in the near future to ensure an orderly overall transition of leadership.
Dr. Helmut Schmale had held several management positions within GEA since 1993. He is responsible for Finance on the Executive Board of GEA Group Aktiengesellschaft since April, 2009. In addition, he heads the areas IT and Shared Service Center.
Dr. Helmut Perlet, Chairman of GEA's Supervisory Board, stated: "On behalf of the entire Supervisory Board, I would like to take this opportunity to thank Dr. Helmut Schmale for his many years of service for GEA and his cooperation that has never failed to be constructive and successful."
Corporate Media and Press:
Marc Pönitz
Peter-Müller-Str. 12, 40468 Düsseldorf, Germany
Phone +49 211 9136-1500
marc.poenitz@gea.com
About GEA
GEA is one of the largest suppliers for the food processing industry and a wide range of other industries that generated consolidated revenues of approximately EUR 4.6 billion in 2017. The international technology group focuses on process technology, components and sustainable energy solutions for sophisticated production processes in various end-user markets. The group generates around 70 percent of its revenue in the food and beverages sector that enjoys long-term sustainable growth. As of December 31, 2017, the company employed about 18,000 people worldwide. GEA is a market and technology leader in its business areas. The company is listed on the German MDAX (G1A, WKN 660 200). In addition, GEA's stock is included in the MSCI Global Sustainability Indexes. Further information is available on the Internet at gea.com.
19.04.2018 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:
GEA Group Aktiengesellschaft
Peter-Müller-Straße 12
40468 Düsseldorf
Germany
Phone:
+49 (0)211 9136-0
Fax:
+49 (0)211 9136-31087
E-mail:
ir@gea.com
Internet:
www.gea.com
ISIN:
DE0006602006
WKN:
660200
Indices:
MDAX
Listed:
Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich; Regulated Unofficial Market in Hanover, Stuttgart, Tradegate Exchange
GEA Group AG is a German-based holding company of the GEA Group which operates as a supplier of system and components to the food, beverage and pharmaceutical industries worldwide. The activity of the Company is divided into five operating segment: Separation & Flow, Liquid & Powder, Food & Healthcare, Farm Technologies and Refrigeration Systems. Separation & Flow encompasses GEAâs process engineering components and machines including separators, decanters, homogenizers, valves and pumps. Liquid & Powder provides process solutions for the dairy, beverage, food, chemical and other industries. Moreover, Food & Healthcare offers solutions for food processing, covering the preparation, marinating and further processing. Farm Technologies offers, amongst others, automatic milking and feeding systems in addition to conventional milking solutions and digital herd management tools. Lastly, Refrigeration Technologies offers industrial refrigeration, heating and sustainable energy solutions.
GEA GROUP AG 
