Schaltbau Holding AG: Supervisory Board appoints Dr.-Ing. Jürgen Brandes to Executive Board to succeed Dr.-Ing. Albrecht Köhler

Schaltbau Holding AG: Supervisory Board appoints Dr.-Ing. Jürgen Brandes to Executive Board to succeed Dr.-Ing. Albrecht Köhler

Munich, 4 March 2020 – Today, the Supervisory Board of Schaltbau Holding AG [ISIN DE000A2NBTL2] appointed Dr Jürgen Brandes as additional member of the Executive Board with effect from 1 April 2020. Dr Brandes will be responsible for the Components segment. The appointment is for a period of three years.

Dr Jürgen Brandes has more than 35 years of professional experience in the fields of electrical mechanical engineering, electrical engineering and automation. During his many years at Siemens AG, he gained operational and strategic management experience in all key corporate functions, including numerous general management functions – most recently as CEO of the Process Industries and Drives division.

Dr Brandes also has deep industry knowledge in diverse process industries, in supplier industries, in engineering, and especially in electromobility and the rail sector, including modern signalling technology. With effect from 1 January 2021, Dr Brandes will succeed Dr Köhler as Chairman of the Executive Board of Schaltbau Holding AG, whose appointment will expire due to age.

With the restructuring initiated and completed by Dr Köhler and the growth strategy that has been initiated, Schaltbau Holding AG is on a sustainable course for success. Dr Köhler will subsequently be available to the company as a consultant.

Contact:
Dr. Kai Holtmann
Head of Investor Relations & Corporate Communications
Schaltbau Holding AG
Hollerithstrasse 5
81829 Munich
Germany
P +49 89 93005-209
investor@schaltbau.de