thyssenkrupp AG has appointed Dr Wolfgang Colberg, former CFO of Evonik, to its supervisory board. Colberg has a degree in business administration and business information systems and has been an industrial partner at CVC Capital Partners in Frankfurt since 2013. The decision to appoint Colberg to the board was based on a proposal by the nomination committee and the company has already applied to the court of register for Colberg’s appointment.
Colberg will be confirmed as a shareholder representative of the supervisory board by the company’s Annual General Meeting on 1 February 2019. This is also the case for Martina Merz, who was appointed to the board earlier in December. In the event that Merz is elected by the Annual General Meeting, it is planned that she will be proposed to the supervisory board as a candidate for the supervisory board chair.
“I am delighted that in Wolfgang Colberg we have recruited a recognised financial expert with industrial experience for the supervisory board,” said Bernhard Pellens, Chairman of the Supervisory Board at thyssenkrupp AG. “The planned separation of the company will also result in a large number of tasks for the supervisory board. With Martina Merz and Wolfgang Colberg, the board now once again has a full complement of members and the required expertise. I can therefore return to focusing my duties as chairman of the Audit Committee and so serve the company in the best possible way in the forthcoming processes.”
With the proposed decisions, the company is also complying with the recommendation of the German Corporate Governance Code that the supervisory board chair should not chair the audit committee.
Read the article online at: https://www.worldcement.com/europe-cis/21122018/new-member-of-thyssenkrupp-ags-supervisory-board/
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