Change in Management of Xella Group
The information contained in this document is not for publication, distribution or release to or within the United States of America, Canada, Japan or Australia.
Duisburg, 9 October 2015. Jan Buck-Emden, Chairman of the Management of Xella, today decided to resign from his post due to personal reasons. The responsibilities in the management are to be reorganized in the coming days under the leadership of Peter Steiner, Chairman of Xella International S.A. Jan Buck-Emden is leaving the company with immediate effect. Dr. Jochen Fabritius, COO, and Hans-Jürgen Wiecha, CFO, continue their successful work in the management team.
'We thank Jan Buck-Emden for his long-term and great commitment and the successful development of Xella. We regret his decision and wish him all the best for his future,' says Peter Steiner. Jan Buck-Emden joined the company in 2001 and was appointed Chairman of the Management in 2007.
Xella International S.A.
Ernst Arelmann – Head of International Marketing & Communications
Tel.: +49 203 60880-5500
The Xella Group produces and markets building materials (Ytong and Hebel autoclaved aerated concrete, Silka calcium silicate blocks, Multipor mineral insulation boards), gypsum fibreboards and cement-bonded and fire protection boards (Fermacell and Fermacell Aestuver) and lime (Fels). In 2014, Xella generated sales of approximately €1.27 billion with a workforce of 6,686 people (Full-time equivalent as of 31 December 2014). The company is indirectly owned by private equity companies PAI Partners and Goldman Sachs Capital Partners.
This press release and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell, or a solicitation of an offer to buy or subscribe for, any securities in the United States of America (“U.S.”), Australia, Canada, Japan or in any jurisdiction in which such offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the laws of any state of the U.S., and may not be offered, sold or otherwise transferred in the U.S. absent registration or pursuant to an available exemption from registration under the Securities Act. Neither Xella International S.A. nor its shareholder intends to register any securities referred to herein in the U.S.
Any offer will be made exclusively on the basis of a prospectus which is to be published.
No money, securities, or other consideration is being solicited, and, if sent in response to the information contained herein, will not be accepted.
This press release contains forward-looking statements. These statements are based on the current views, expectations, assumptions and information of the management of Xella International S.A. Forward-looking statements involve known and unknown risks and uncertainties and, therefore, should not be construed as guarantees of future results, performance and events. Actual results, performance or events may differ materially from those described in such statements due to, among other things, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, affecting Xella International S.A., and other factors. Xella International S.A. does not undertake any obligation to update any forward-looking statements.