Ad hoc disclosures

Executive Board

The Supervisory Board as well as Alfons Schmidt and Dr.-Ing. Alexander Schmidt have confirmed in principle their mutual intention to appoint Dr.-Ing. Alexander Schmidt as a member of the Executive Board and that Alfons Schmidt – as the current sole member of the Executive Board – should resign from his Executive Board mandate (synchronously), while continuing to serve the Company in an advisory capacity.

However, in a letter dated today, Dr.-Ing. Alexander Schmidt informed the Supervisory Board that, due to the current operational and strategic activities for Alexanderwerk GmbH, especially abroad, it seems essential to him to remain a part of the management of Alexanderwerk GmbH – and at the same time it appears to be currently and temporarily not possible for him to take on another Executive Board mandate at Alexanderwerk AG and to manage these mandates in his personal capacity.

At the same time, Alfons Schmidt has declared that he will be available as a member of the Executive Board of Alexanderwerk AG until further notice (in particular until Dr.-Ing Alexander Schmidt joins the Executive Board of Alexanderwerk AG as a member).

Remscheid, February 12, 2015

Alexanderwerk AG
Executive Board