K+S Group announced board and management changes

  • Norbert Steiner to remain chairman of the Board of Executive Directors until May 2017
  • Term of office for Dr. Burkhard Lohr extended until May 2020
  • Gerd Grimmig to retire with effect from 30 September 2014

Kassel, Germany, 21-8-2014 — /EuropaWire/ — Norbert Steiner (59) will remain as chairman of the Board of Executive Directors of K+S Aktiengesellschaft until May 2017 after the Supervisory Board of the Company extended his term of office, which runs until May 2015, by two years at its meeting held today. At the same time, the term of office of Chief Financial Officer Dr. Burkhard Lohr (51) was extended by five years until May 2020.

“We are convinced that over the coming years too, Mr Steiner at the helm of the Board of Executive Directors will continue to successfully drive the development of the K+S Group along with his fellow board members”, said Dr. Ralf Bethke, chairman of the Supervisory Board of the Company.

Following a successful career extending over 32 years, including service as a member of the Board of Executive Directors of K+S Aktiengesellschaft since October 2000, Gerd Grimmig will retire at the age of 61 when his contract expires on 30 September 2014. The Supervisory Board and the Board of Executive Directors express their great thanks and appreciation to Mr Grimmig and wish him all the best for his retirement.

There will be no other changes in the composition of the Board of Executive Directors, of which Dr. Thomas Nöcker, Dr. Andreas Radmacher and Mark Roberts will remain members, and which will see the total number of board members reduced from six to five.

Note to editors

You can find photographs and curricula vitae for the Board of Executive Directors of K+S Aktiengesellschaft at www.k-plus-s.com/en/vorstand/.

About K+S
K+S is an international resources company. We have been mining and processing mineral raw materials for 125 years. The products we produce from them are used worldwide in agriculture, food and road safety and are important elements in numerous industrial processes. The nutrients potash and salt are accompanying the megatrend for the future: A constantly growing global population is becoming increasingly prosperous and striving for a more modern standard of living, which results in an increasing consumption of mineral raw materials. We serve the resulting growth in demand from production sites in Europe, North America and South America as well as through a global distribution network. K+S is the world’s largest salt producer and one of the top potash providers worldwide. With more than 14,000 employees, K+S achieved revenues in financial year 2013 of about € 4 billion and an EBIT of € 656 million. K+S is the commodities stock on the German DAX index. Learn more about K+S at www.k-plus-s.com.

Michael Wudonig, CFA
Public Relations
Spokesman
Phone: +49 561 9301 1262
michael.wudonig@k-plus-s.com

Thorsten Boeckers
Head of Investor Relations
Phone: +49 561 9301 1460
thorsten.boeckers@k-plus-s.com

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