March 14, 2008
Ines Kolmsee to be CEO for another three years
Unterneukirchen (Germany), March 14, 2008. The Supervisory Board of SKW Stahl-Metallurgie Holding AG has unanimously decided to extend the CEO Ines Kolmseeâ€™s contract by another three years until MarchÂ 31, 2011. Ines Kolmsee has been a part of the Companyâ€™s management since 2004, initially as sole director of a limited liability corporation. With SKW Metallurgieâ€™s transformation into a stock corporation in May 2006, she became Sole Member of the Executive Board, and CEO later during that year. Within the Executive Board Ines Kolmsee is responsible for the areas of strategy, communication, human resources and operations.
â€śWe are very pleased that Ines Kolmsee will be chairing the Executive Board ofÂ SKW Metallurgie for another three years. She has made a leading contribution to turning the Company into a profitable and international leader for technology and successfully floating the Group on the stock exchange. The extension of her contract is a guarantee that the profitable growth announced and the further global expansion of the Company will be consistently implemented. The Supervisory Board looks forward to a continuously successful collaborationâ€ť, stated Chairman of the Supervisory Board ofÂ SKW Stahl-Metallurgie Holding AG, Markus ZĂ¶llner.
SKW Stahl-Metallurgie Holding AG
Head of Investor Relations and Corporate Communication
About SKW Stahl-Metallurgie Holding AG
SKW Metallurgie is the world market leader for numerous chemical additives for hot metal desulphurization, and for cored wire used in secondary metallurgy. The Groupâ€™s products enable steel makers to efficiently manufacture high-quality steel products. Among their clients are the world-leading steel corporations. The SKW Metallurgie Group has more than 50 years of metallurgical know how, and is today active in more than 40 countries. Approximately 47% of its turnover is generated in Europe and 43% in the NAFTA region (2006). Moreover, the Group is a leading supplier of Quab specialty chemicals, which are mainly used in the global production of industrial starch for the paper industry. SKW Metallurgieâ€™s operations are structured into the three business segments â€śCored Wireâ€ť, â€śPowder and Granulesâ€ť, and â€śQuab.â€ť SKW Metallurgie Group Headquarters are located in Germany. Production sites are situated in France, the USA (6), Canada, South Korea, the PR of China (2), and India (2 in a joint venture).
Since 1 December 2006, the shares of SKW Stahl-Metallurgie Holding AG have been quoted in the Prime Standard segment of the Stock Exchange in Frankfurt am Main (Germany): the ISIN is DE000SKWM013.
This press release contains statements on future developments that are based on currently available information and involve risks and uncertainties that could cause the actual results to differ from these forward-looking statements. These risks and uncertainties include, for example, unforeseeable changes to political and economic conditions, in particular in the steel and paper production industry, the competitive situation, the development of interest rates and exchange rates, technological developments and other risks and unexpected circumstances. SKW Stahl-Metallurgie Holding AG and its Group companies accept no obligation to update such forward-looking statements.