Rational AG: The Founder and Chairman of the Supervisory Board Siegfried Meister has passed away.

When Siegfried Meister started producing innovative convection ovens in Landsberg; over 40 years ago he had a clear goal in sight: he wanted to make the work of people who prepare hot food in professional kitchens easier. The combi-steamer was born in 1976 when he and his, at the time, small team added steam to the hot, dry air in the oven. This revolutionized the large and commercial kitchens of the world: production processes, organization and efficiency have changed significantly since then.

All his life he remained true to his aim of knowing the requirements of customers and offering them the maximum benefit. Meister's guiding principle was not sales or profit; his foremost corporate objective was the greatest possible customer benefits. In this he was very successful. Since 1998 he has acted as the Chairman of the Supervisory Board and in 2000 floated Rational AG on the stock exchange. Besides in his role as Chairman of the Supervisory Board, he assisted the company with his extensive experience and expertise - and all the way up to the very end he had a set table in the company restaurant, surrounded by his employees.

'The well-being of the 'entrepreneurs in the company', as he viewed his employees, was very important to Mr Meister. This makes us all the more sad about our great loss, and we are committed to continuing his lifetime's work in his spirit', says Dr Peter Stadelmann, Chief Executive Officer of Rational AG.