thyssenkrupp AG to appoint Dr. Wolfgang Colberg to the Supervisory Board

(PRESS RELEASE) ESSEN, 21-Dec-2018 — /EuropaWire/ — The Supervisory Board of thyssenkrupp AG is to appoint former Evonik CFO Dr. Wolfgang Colberg (59) to the Supervisory Board. Dr. Colberg, who has a degree in business administration and business information systems, has been an industrial partner at CVC Capital Partners in Frankfurt since 2013. The Supervisory Board’s decision to appoint Dr. Colberg as a new member of the Supervisory Board was based on a proposal by the Nomination Committee. thyssenkrupp AG has already applied to the court of register for Dr. Colberg’s appointment.

Dr. Colberg is to be confirmed as a shareholder representative on the Supervisory Board by the Annual General Meeting of thyssenkrupp AG on February 1, 2019. The same applies to Martina Merz, who was already appointed at the start of the month. In the event that she is elected by the Annual General Meeting it is planned that Ms. Merz will be proposed to the Supervisory Board as candidate for the Supervisory Board Chair.

Bernhard Pellens, Chairman of the Supervisory Board of thyssenkrupp AG: “I am delighted that in Wolfgang Colberg we have recruited a recognized financial expert with industrial experience for the Supervisory Board.”

Pellens continued: “The planned separation of the company will also result in a large number of tasks for the Supervisory Board. With Martina Merz and Wolfgang Colberg the Board now once again has a full complement of members and the required expertise. I can therefore return to focusing on my duties as chairman of the Audit Committee and so serve the company in the best possible way in the forthcoming processes.”

With the proposed decisions the company is also complying with the recommendation of the German Corporate Governance Code that the Supervisory Board Chair should not chair the Audit Committee.

Twitter: @thyssenkrupp
Company blog: https://engineered.thyssenkrupp.com

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SOURCE: thyssenkrupp AG