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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is responsible for the content of this announcement.
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Personnel
23.06.2017
Vienna - After a period of planning and assessment for the planned merger
between RHI and Magnesita, RHI announces the intended structure and composition
of the future management team of the joint company "RHI-Magnesita" (post closing
the transaction):
The EXECUTIVE MANAGEMENT TEAM (EMT) of RHI-Magnesita will be led by CEO, Mr.
Stefan Borgas, who is currently member of the Management Board of RHI and its
CEO.
Mr. Octavio Lopes, currently CEO of Magnesita, will become the Chief Financial
Officer (CFO) of RHI-Magnesita.
Mr. Gerd Schubert, currently member of the Management Board of RHI responsible
for operations, will become the new Chief Operating Officer (COO) of the joint
company.
Mr. Reinhold Steiner, currently member of the Management Board of RHI
responsible for worldwide sales to steel markets will become the new Chief Sales
Officer (CSO) of RHI-Magnesita.
Mr. Luis Rodolfo Bittencourt, currently Executive Vice President responsible for
research, development and mining operations at Magnesita, will become the new
Chief Technology Officer (CTO) of RHI-Magnesita.
Further members of the RHI-Magnesita EMT will be Mr. Thomas Jakowiak
(responsible for the integration of the two companies), Mr. Luis Rossato
(responsible for Corporate Development) and a new Head of Human Resources still
to be nominated.
The new EMT of RHI-Magnesita will be effective after closing of the transaction,
which will probably be in early November 2017. Until then both companies will
continue to operate separately with their existing management teams.
Mrs. Barbara Potisk-Eibensteiner, currently member of the Management Board of
RHI and the company's CFO, will leave RHI at her own request as of August 31st,
2017 in order to pursue other opportunities. Mrs. Potisk-Eibensteiner has been
CFO of RHI since 2012 and has significantly contributed to RHI's development and
financial performance during this period. The Supervisory Board of RHI would
like to thank Mrs. Potisk-Eibensteiner for her energy and contributions during
this time and wish her success in her new role.
Under current planning, Mr. Stefan Borgas (CEO) will take over the CFO
responsibilities for the interim period until closing of the merger with
Magnesita after Mrs. Potisk-Eibensteiner has left RHI.
Further inquiry note:
RHI AG
Investor Relations
Mag. Simon Kuchelbacher
Tel: +43-1-50213-6676
Email: simon.kuchelbacher@rhi-ag.com
end of announcement euro adhoc
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issuer: RHI AG
Wienerbergstrasse 9
A-1100 Wien
phone: +43 (0)50213-6676
FAX: +43 (0)50213-6130
mail: rhi@rhi-ag.com
WWW: http://www.rhi-ag.com
ISIN: AT0000676903
indexes: ATX
stockmarkets: Wien
language: English