11-13-2013

Ad hoc notification pursuant to § 15 of the German Securities Trading Act (Wertpapierhandelsgesetz)

Changes in Board of Management of SGL Carbon SE

Wiesbaden, November 13, 2013. SGL Group – The Carbon Company – will implement a transition in the Group’s top management as of January 1, 2014. This was resolved at today’s meeting of the Supervisory Board. Effective this date, Robert Koehler, who will reach the age of 65 in January 2014, will leave the Company after handing over his position as CEO of SGL Carbon SE to his colleague on the Board of Management Dr. Jürgen Köhler. Dr. Köhler has been working for SGL Group in various management positions since 2002 and has been a full member of the Board of Management since June 1, 2013. This decision stands for continuity and consistent implementation of the measures that have already been initiated for developing the strategy and to strengthen profitability.

In the context of the generation change entailed by this decision and the measures to streamline the Group’s organizational structures announced within the framework of the Group-wide cost savings program “SGL2015”, there will be a further change in the Group’s Board of Management with the objective to reduce the number of Management Board members from the current five to three members. In addition to Dr. Jürgen Köhler assuming the position of CEO, the current Board of Management member Armin Bruch will resign by mutual agreement and leave the Company at the end of the year. Theodore H. Breyer had left the Board of Management at the age of 65 already on October 31, 2013. After these changes are implemented, the Board of Management of SGL Carbon SE will consist of three members effective January 1, 2014: Dr. Jürgen Köhler (CEO), Jürgen Muth (CFO) and Dr. Gerd Wingefeld.

About SGL Group – The Carbon Company

SGL Group is one of the world’s leading manufacturers of carbon-based products and materials. It has a comprehensive portfolio ranging from carbon and graphite products to carbon fibers and composites. SGL Group’s core competencies are its expertise in high-temperature technology as well as its applications and engineering know-how gained over many years. These competencies enable the Company to make full use of its broad material base. SGL Group’s carbon-based materials combine several unique properties such as very good electrical and thermal conductivity, heat and corrosion resistance as well as high mechanical strength combined with low weight. Due to industrialization in the growth regions of Asia and Latin America and increased substitution of traditional with innovative materials, there is a growing demand for SGL Group’s high-performance materials and products. Products from SGL Group are used predominantly in the steel, aluminum, automotive and chemical industries as well as in the semiconductor, solar and LED sectors and in lithium-ion batteries. Carbon-based materials and products are also being used increasingly in the wind power, aerospace and defense industries.

With 45 production sites in Europe, North America and Asia as well as a service network covering more than 100 countries, SGL Group is a company with a global presence. In 2012, the Company’s workforce of around 6,700 employees generated sales of €1,709 million. The Company’s head office is located in Wiesbaden.

Further information on the SGL Group can be found online at: www.sglgroup.com

Additional Information:

ISIN: DE0007235301
Listing: Amtlicher Markt / Prime Standard / Frankfurter Wertpapierbörse
(Official Market / Prime Standard / Frankfurt Stock Exchange)
Company's seat: Wiesbaden

Important note:

This press release may contain forward-looking statements based on the information currently available to us and on our current projections and assumptions. By nature, forward-looking statements involve known and unknown risks and uncertainties, as a consequence of which actual developments and results can deviate significantly from these forward-looking statements. Forward-looking statements are not to be understood as guarantees. Rather, future developments and results depend on a number of factors; they entail various risks and unanticipated circumstances and are based on assumptions which may prove to be inaccurate. These risks and uncertainties include, for example, unforeseeable changes in political, economic, legal, and business conditions, particularly relating to our main customer industries, such as electric steel production, to the competitive environment, to interest rate and exchange rate fluctuations, to technological developments, and to other risks and unanticipated circumstances. Other risks that in our opinion may arise include price developments, unexpected developments connected with acquisitions and subsidiaries, and unforeseen risks associated with ongoing cost savings programs. SGL Group does not intend or assume any responsibility to revise or otherwise update these forward-looking statements.

back to overview