Substantial shift in shareholder structure due to 85-percent stake held by majority shareholder Ningbo Jifeng
Supervisory Board confident of finding swift replacements
Business combination agreement (BCA) continues to be in force
The long-standing Chief Executive Officer (CEO) of Grammer AG, Mr. Hartmut Müller, as well as the Chief Financial Officer (CFO), Mr. Gérard Cordonnier, and the Chief Operating Officer (COO), Mr. Manfred Pretscher, have today informed the Chairman of the Supervisory Board, Dr.-Ing. Klaus Probst, that they plan to utilize their contractual change-of-control rights and to resign as members from the Executive Board.
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