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- Press release BoxID 517593
Adval Tech shareholders approve all proposals of the Board of Directors
General Meeting of Adval Tech Holding Ltd
(PresseBox) (Niederwangen, )
At its ordinary General Meeting held on June 19, the shareholders of Adval Tech Holding Ltd approved all proposals of the Board of Directors by a large majority: A dividend will not be paid out; Hans Dreier, a member of the Board of Directors, was re-elected for a further term of office of three years, and the registration restriction was eased from 5% to 10% of the share capital registered in the Commercial Register. After the General Meeting, the Board of Directors reconstituted itself and appointed Willy Michel as Chairman. Michael Pieper will remain Vice-Chairman. Willy Michel is taking over as Chairman from Walter Grüebler, who had held the post for many years. Moreover, the Board of Directors decided to transfer the management of the group to the CEO designate, René Rothen, as of August 1, 2012. He will implement the Group's focus strategy, which has now taken on concrete form.
About Adval Tech Gruppe
Adding value through innovations - that's what Adval Tech stands for. As a global technology and process partner Adval Tech focuses on the complementary technologies of metal stamping and forming and plastic injection molding. In selected markets in the automotive, medical technology and consumer goods sectors, Adval Tech is a leading global supplier of series parts, subassemblies, systems and tools. As a supplier and value-adding partner, Adval Tech covers the entire value chain: from product design and the development of series parts through construction and production of the necessary tools and molds to entire production systems and the resulting manufacture of components. Adval Tech operates in the markets under the names AWM, FOBOHA, Omni, QSCH, Styner+Bienz and Teuscher.
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