WashTec AG: Mutual termination of the Management Board mandate of Dr. Ralf Koeppe
February 23, 2024 at 07:02 am EST
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EQS-News: WashTec AG
/ Key word(s): Personnel
WashTec AG: Mutual termination of the Management Board mandate of Dr. Ralf Koeppe
23.02.2024 / 13:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
The WashTec Supervisory Board and Dr. Koeppe, Chairman of the Management Board of WashTec AG, today agreed to terminate Dr. Koeppe's Management Board mandate as CEO and CTO prematurely.
Dr. Koeppe had held the position of CTO at WashTec AG since July 1, 2019 and additionally the position of CEO since January 1, 2020. During his tenure as CEO, he successfully led the Company through the most difficult times of crisis, such as the covid-19 pandemic and supply chain disruptions. He ensured that WashTec AG was able to keep its promises and obligations to its customers at all times. In doing so, he secured the jobs of employees and maintained the Company's profitability in the long term. In particular, Dr. Koeppe developed innovative digital business models and thus played a key role in securing the Company's future.
Dr. Ralf Koeppe: "It has been a great pleasure for me to work with the WashTec team. The Company is on a very good technological path. I would like to thank all my colleagues at WashTec AG for their commitment. Especially in economically challenging times, the employees are the decisive factor for the Company's success."
Ulrich Bellgardt, Chairman of the Supervisory Board: "On behalf of the Supervisory Board and the entire Company, I would like to thank Dr. Koeppe for his great commitment, with which he has positioned WashTec well in economically challenging times, and wish him all the best for the future, both professionally and personally."
23.02.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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Language:
English
Company:
WashTec AG
Argonstraße 7
86153 Augsburg
Germany
Phone:
+49 (0)821 55 84-0
Fax:
+49 (0)821 55 84-1135
E-mail:
washtec@washtec.de
Internet:
www.washtec.de
ISIN:
DE0007507501
WKN:
750750
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
WashTec AG is a Germany-based company engaged in the provision of vehicle washing solutions. The Company and its subsidiaries focus on developing, manufacturing, selling, and servicing car wash products. The Company operates through three geographical segments: Core Europe, North America, and Asia/Pacific. Its line of business includes roll-over wash equipment, self-service wash equipment, commercial car wash equipment, wash tunnels, water reclaim systems and the spare parts are among others. It also provides repair and maintenance services, including full service and call-out services, markets related products, such as detergents and care products, and provides sales financing services. The Company distributes its products in around 70 countries. WashTec AG is the parent company of the WashTech Group.
WASHTEC AG 
