K+S : in future with smaller Board of Executive Directors

28 November 2017

Group Strategy Shaping 2030

The implementation of K+S AG's new group strategy Shaping 2030 will now be driven by a smaller and newly structured Board of Executive Directors. This was decided by the company's Supervisory Board at its meeting today. The Board of Executive Directors will be supported by an Executive Committee.

Dr Burkhard Lohr (54), Chairman of the Board of Executive Directors of K+S, together with Thorsten Boeckers (42), Chief Financial Officer, and Mark Roberts (54), Chief Operating Officer, will form the future Board team.

The newly streamlined Board of Executive Directors will drive the Shaping 2030 Strategy in an even more agile and powerful way. Going forward, the Executive Committee will advise the Board of Executive Directors and offer operational support.

Dr Andreas Kreimeyer, Chairman of the Supervisory Board of K+S: 'Under the leadership of Dr Burkhard Lohr, the implementation of Shaping 2030 and the integration of the Potash and Magnesium Products and Salt business units into One Company is taking shape. The changes in the Board of Executive Directors also follow the common goal of consistently developing the organization and business of K+S and realizing synergies.'

Dr Burkhard Lohr, Chairman of the Board of Executive Directors of K+S: 'Customer focus is core to our new group strategy. The new leadership structure follows the One Company logic and the alignment along our four Product Market Segments Agriculture, Industry, Consumers and Communities.'

Against the background of the company's realignment, Dr Otto Lose (46), who developed the new group strategy together with his colleagues on the Board of Executive Directors, will resign from his mandate in mutual amicable agreement. The Supervisory Board thanked Dr Lose for his valuable contribution.

Dr Thomas Nöcker (59) will retire on 1 September 2018 and by then hand over his responsibilities to his colleagues on the Board of Executive Directors. Against this background, the Supervisory Board already expresses its gratitude to Dr Nöcker for his many years of successful service.

Note to editors

Press photos are available here on the Internet.

About K+S

K+S considers itself as a customer-focused, independent minerals company for the segments of Agriculture, Industry, Consumers, and Communities and wants to grow the EBITDA to € 3 billion in 2030. Our over 14,000 employees enable farmers to provide nutrition for the world, provide solutions that keep industries going, improve daily life for consumers and provide safety in the winter. We continually meet the growing demand for mineral products from production sites in Europe, North and South America as well as a worldwide sales network. We strive for sustainability because we are deeply committed to our responsibilities to people, environment, communities and economy of the regions in which we operate. Learn more about K+S at www.k-plus-s.com.

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