STS Group AG: Supervisory Board appoints Dr. Ulrich Hauck as member of the Executive Board from April 1, 2019
- Dr. Ulrich Hauck will be a member of the STS Group AG Executive Board and is responsible for Finance & Controlling
- Stephan Vrublovsky will not renew his contract, which is due to expire regularly, and will leave the Executive Board for personal reasons as well as by mutual agreement on March 31, 2019
Hallbergmoos/Munich, February 25, 2019. The Supervisory Board of STS Group AG (ISIN: DE000A1TNU68), which is listed in the Prime Standard of the Frankfurt Stock Exchange, today appointed Dr. Ulrich Hauck (54) to the Company's Executive Board for a term of three years and three months, effective April 1, 2019. Dr. Hauck will take over the position of Chief Financial Officer (CFO) from Stephan Vrublovsky, who asked the Supervisory Board not to extend his regularly expiring contract for personal reasons. The Supervisory Board thanks Mr. Vrublovsky for his valuable work on the Company's Executive Board, with which he has significantly supported the Group's growth and IPO in the past few years, and wishes him all the best for the future.
With Dr. Ulrich Hauck, STS Group AG is gaining a renowned expert with a great deal of experience for the position of CFO. After concluding his studies, the doctor in business economics first spent several years at Deloitte & Touche as a tax consultant and auditor. After corporate posts at Rheinmetall AG and Bayer AG (Head of Global Accounting and Controlling), he took responsibility for the Finance department as an Executive Board member at Schaeffler Group, one of Germany's leading automotive suppliers, in April 2015. Dr. Hauck has belonged to the Supervisory Board of STS Group AG's majority shareholder, Mutares AG, since 2008 and will resign his Supervisory Board post as of March 31, 2019.
"STS Group is on an exciting growth trajectory, is consistently advancing its internationalization and is tapping into new areas such as e-mobility. We are delighted to have acquired Dr. Hauck as an experienced and recognized expert for the Executive Board team, who will actively help to shape STS Group's development both operationally and on the capital market," says Robin Laik, Supervisory Board Chairman of STS Group AG.
STS Group AG will release provisional figures for the financial year 2018, an outlook for 2019 and a medium-term forecast on February 27, 2019. On the same day, a conference call for interested investors and representatives of the press will take place at 9:00 a.m. in English. To register, please e-mail firstname.lastname@example.org.
About STS Group:
STS Group AG, www.sts.group (ISIN: DE000A1TNU68), is a leading global commercial vehicle 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. At its 17 plants in total in France, Italy, Germany, Poland, Mexico, Brazil and China, the STS Group 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.
STS Group AG
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