Changes in the Board of Directors and the Executive Board of Gurit Holding AG
Zurich, April 23, 2020 - Gurit (SIX Swiss Exchange: GUR) reports that CEO Rudolf Hadorn has decided to step down as CEO of Gurit Holding AG at the end of March 2021.
During the 14 years under his leadership, Gurit has developed a strong strategic position in wind energy and industrial lightweighting. Both sales and profitability of the Group have increased significantly. The search process for the future CEO of Gurit Holding AG has already been initiated. The nomination will be announced in due course.
The Board of Directors has also laid the groundwork for a succession planning geared towards continuity: Rudolf Hadorn will be proposed for election to the Board of Directors at the 2021 Annual General Meeting. He would replace Urs Kaufmann, who will not be available for re-election after 15 years on the Board of Directors. It is also planned that Rudolf Hadorn will be proposed for election as Chairman of the Board of Directors at the 2022 General Meeting and will then succeed Peter Leupp.
The subsidiaries of Gurit Holding AG, Wattwil/Switzerland, (SIX Swiss Exchange: GUR) specialize in the development and manufacture of advanced composite materials, composite tooling equipment and core kitting services. The product range comprises structural core materials, fibre reinforced prepregs, wind blade moulds, formulated products including coatings, resins and adhesives as well as structural composite engineering. Gurit supplies global growth markets such as the wind turbine industry, aerospace, marine, rail and many more. Gurit operates production sites and offices in Canada, China, Denmark, Ecuador, Germany, Indonesia, India, Italy, Mexico, New Zealand, Poland, Spain, Switzerland, Turkey, United Kingdom and the United States.
Gurit Group Communications
Thomas Nauer; phone: +41 44 316 15 55; e-mail: thomas.nauer (at) gurit.com
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Forward-looking statements: To the extent that this announcement contains forward-looking statements, such statements are based on assumptions, planning and forecasts at the time of publication of this announcement. Forward-looking statements always involve uncertainties. Business and economic risks and developments, the conduct of competitors, political decisions and other factors may cause the actual results to be materially different from the assumptions, planning and forecasts at the time of publication of this announcement. Therefore, Gurit Holding AG does not assume any responsibility relating to forward-looking statements contained in this announcement.