ad hoc

SKW Stahl-Metallurgie Holding AG: Preliminary figuresSKW Stahl-Metallurgie Holding AG appoints Kay Michel as new Chairperson of the Executive Board (CEO)

Unterneukirchen (Germany), January 28, 2014. In its meeting of today, the Supervisory Board of SKW Stahl-Metallurgie Holding AG appointed Mr. Kay Michel (57) as Chairperson of the Executive Board (CEO). Kay Michel will take over the chairperson function effective April 1, 2014 from Ines Kolmsee, who will leave the company at the end of March 2014 with the expiration of her contract and after transferring the business affairs.

Kay Michel commands comprehensive experience in leadership positions of national and international companies. As CEO of various companies, he has lastly been responsible for the strategic development as well as concept and implementation of programs to enhance efficiency and to restructure. Moreover, Kay Michel served as Managing Director at the international consulting firm Alvarez & Marsal from 2003 to 2007. Until the turn of the millennium, he held leading positions at the ABB Group and as member of the Executive Board of a globally positioned telecom company.

Titus Weinheimer, Chairperson of the Supervisory Board of SKW Stahl-Metallurgie Holding AG, said: “With Mr. Michel, we secured for SKW Metallurgie a known expert for strategic realignment, who will further enhance the internationalization of SKW Metallurgie. We thank Ms. Kolmsee for her commitment for our company and wish her all the best for the future.”