Corporate | 16 June 2014 17:34
DGAP-News: PVA TePla AG / Key word(s): AGM/EGM
16.06.2014 / 17:34
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The Annual General Meeting of PVA TePla AG, Wettenberg, was held on June 13
at the Gießen Congress Hall. All eight items on the agenda were passed with
a virtually 100% majority and around 40% of shareholders were in
attendance.
Peter Abel - New CEO
In his speech, Peter Abel, who resumed the office of CEO of PVA TePla AG on
the day of the Annual General Meeting, explained to the shareholders and
guests the reasons for the weak 2013 fiscal year. However, business has
slowly picked up again and the medium-term prospects have improved in the
areas of industrial systems, particularly process systems for the aviation
industry, crystal growing, plasma and analysis systems in addition to solar
power systems.
Restructuring: AG purely a holding company in the future
Peter Abel explained in detail the decision that has now been adopted by
way of resolution of the Annual General Meeting to implement an extensive
organizational restructuring of PVA TePla AG. The operating activities of
the AG company will be spun off as individual limited liability companies
under German law (GmbHs). Various GmbHs will then be merged into larger
units to optimize the available resources. This is intended to make the
Group more streamlined and more flexible overall. This will enhance
customer orientation once again and better take into account the specific
requirements of the individual divisions.
New member of the Supervisory Board Prof. Markus Thoma
The long-serving member of the Supervisory Board Prof. Günter Bräuer of
Fraunhofer-Gesellschaft stepped down from the Supervisory Board of PVA
TePla AG after the Annual General Meeting. He is succeeded by Prof. Thoma,
Head of the Plasma and Astronautics Group at the Institute of Physics of
the Justus Liebig University of Gießen.
Thanks to Dr. Arno Knebelkamp
The Chairman of the Supervisory Board Alexander von Witzleben thanked the
departing CEO of PVA TePla, Dr. Arno Knebelkamp, for his commitment and
dedication over the last three years. In the year under review he guided
PVA TePla through a restructuring program and created the foundation for
profitable future operations.
Questions from shareholder representatives about the company and the items
on the agenda were fielded extensively in the discussion that followed.
For further information please contact:
Dr. Gert Fisahn
Investor Relations
PVA TePla AG
Tel: +49(0)641/68690-400
gert.fisahn@pvatepla.com
www.pvatepla.com
End of Corporate News
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Language: English
Company: PVA TePla AG
Im Westpark 10-12
35435 Wettenberg
Germany
Phone: 0641/686900
Fax: 0641/68690800
E-mail: info@pvatepla.com
Internet: www.pvatepla.com
ISIN: DE0007461006
WKN: 746100
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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