STS Group AG: STS Group AG held first Annual General Meeting since IPO / Supervisory Board prolongs Management Board appointments for CEO Andreas Becker and COO Patrick Oschust
STS Group AG, DE000A1TNU68
STS Group AG held first Annual General Meeting since IPO / Supervisory Board prolongs Management Board appointments for CEO Andreas Becker and COO Patrick OschustHallbergmoos/Munich, 20 May 2019: STS Group AG (ISIN: DE000A1TNU68), listed in the Prime Standard on the Frankfurt Stock Exchange, held its first Annual General Meeting since the IPO on 17 May 2019. The shareholders approved all proposed resolutions with more than 90% of the present votes. The previous Supervisory Board members Robin Laik (Chairman of the Supervisory Board), Dr. Kristian Schleede and Bernd Maierhofer were all re-elected for a full term of office.
On 14 May 2019, the Supervisory Board decided to extend the Management Board appointments of CEO Andreas Becker and COO Patrick Oschust, which expire on 30 June 2019, by four years and two years respectively. "The extension of the Management Board appointments are an important signal for the continuity and stability in the company's management and for the Group's expansion strategy. Andreas Becker and Patrick Oschust have achieved important milestones in the development of the STS Group since the foundation of STS in 2013 until today. We are very pleased that we have with Andreas Becker (CEO), Dr. Ulrich Hauck (CFO) and Patrick Oschust (COO) a high-calibre Management Board for the company", says Robin Laik, Chairman of the Supervisory Board of STS Group AG.
At the Annual General Meeting, the STS Group AG Management Board provided comprehensive information on the current business development. In his speech, CEO Andreas Becker especially emphasized the impressive development of the STS Group since its foundation in 2013: "Within just a few years, we have succeeded in growing from a company with sales of 100 mEUR to a leading global systems supplier for the automotive industry with consolidated sales of 400 mEUR. Our large global presence is a strong competitive advantage. We expect significant double-digit growth rates in the Chinese and North American markets in the coming years. I am proud of our company and confident that STS Group is well positioned with its sustainable technologies and a strong team."
The voting results are available for download at www.sts.group.
About STS Group:STS Group AG, www.sts.group (ISIN: DE000A1TNU68), is a leading system supplier to the automotive industry for soft and hard trim. The Group, which has a history of tradition and expertise dating back to 1934, employs more than 2,500 people and generated revenue of 401,2 mEUR in the 2018 financial year. At its 17 plants in total in France, Italy, Germany, Poland, Mexico, Brazil and China, the STS Group ("STS") produces plastic and acoustic components, such as solid and flexible vehicle trim, noise and vibration-damping materials and entire interior and exterior trim systems. STS is considered a technology leader in the manufacture of plastic injection molding, specialty acoustic products and components from sheet molding compounds (SMC). STS has a strong footprint with plants in China, Europe, Mexico and Brazil. The customer portfolio comprises leading international commercial vehicle and automotive manufacturers.
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20.05.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: STS Group AG Zeppelinstraße 4 85399 Hallbergmoos
Germany Phone: +49 (0)811 124494 0 E-mail: firstname.lastname@example.org Internet: https://sts.group ISIN: DE000A1TNU68 WKN: A1TNU6 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 813499 End of News DGAP News Service