AMG Advanced Metallurgical Group N.V. Announces Changes to its Supervisory Board
February 28, 2019 at 01:01 am EST
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The Supervisory Board of AMG Advanced Metallurgical Group N.V. resolved during its meeting on 27 February 2019 to propose to the General Meeting of Shareholders to make the following changes to its composition. At the Annual General Meeting ("AGM") in May 2019, Mr. Jack Messman will have served twelve years on the Supervisory Board of AMG when his current term ends. Mr. Messman has indicated that he wishes to retire from the Supervisory Board in May 2019, given other priorities and the term limits for Supervisory Directors under the Dutch Corporate Governance Code. Given the retirement of Mr. Messman as member and Chairman of the Supervisory Board after the Annual Meeting in May 2019, AMG announced that the Supervisory Board plans to appoint Professor Steve Hanke as Chairman of the Supervisory Board as of May 1, 2019 after the Annual Meeting. Given the vacancy created by the retirement of Mr. Messman, the Supervisory Board announced that it will nominate Ms. Dagmar Bottenbruch as an independent Supervisory Board member for appointment by the General Meeting of Shareholders on May 1, 2019. Ms. Bottenbruch has German and US citizenship and brings highly relevant experience in the field of financial services as well as public and private equity and venture capital investments. She was Managing Director of Rabobank International in Germany and has worked at Credit Suisse in London and Frankfurt as Director Investment Banking. She currently serves on the Supervisory Board of CFA Society Germany and of Vaamo Finanz AG, Frankfurt.
AMG Critical Materials N.V. specializes in the fabrication of specialty metals and vacuum furnace systems for the aerospace, electronics, optical, chemical, construction, and transportation industries. Net sales break down by family of products as follows:
- metals and advanced materials (58.6%): aluminum alloys, magnesium alloys, silicon metal, chromium metal, tantalum oxides, titanium, vanadium chemical products, aluminum powders, coatings, etc.;
- vacuum furnace systems (41.4%): injection furnaces, casting furnaces, crystallization furnaces, carburizing furnaces, etc. The group also offers vacuum heat-treating services.
Net sales are distributed geographically as follows: the Netherlands (1%), United States (27.7%), China (26%), Germany (8.6%), France (5.2%), Brazil (3.6%), United Kingdom ( 3.5%), Italy (2.9%), Japan (2.8%), Canada (2.7%), India (2.4%), Thailand (1.6%), Mexico (1.4%), Austria (1. 3%), and others (9.3%).
AMG CRITICAL MATERIALS N.V. 
