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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Subtitle:
- Dr. Tobias Ohler Joins Group's Executive Board
- Board Member Dr. Wilhelm Sittenthaler Leaves Group at End of 2012 For Personal
Reasons
- Dr. Peter-Alexander Wacker, Supervisory Board Chairman, Thanks Sittenthaler
For His Many Years of Dedication
Board of Directors (Appointments and Changes)
Munich (euro adhoc) - December 6, 2012 - Dr. Wilhelm Sittenthaler (57),
Executive Board member and Personnel Director of Wacker Chemie AG, is stepping
down. He is leaving the Munich-based chemical group on December 31, 2012, WACKER
announced today. Sittenthaler, whose Executive Board contract expires at the end
of April 2013, had informed the Supervisory Board that, after over 30 years at
the company, he would not be available for a further term due to personal
reasons. Consequently, he had asked to be relieved of his duties at the end of
2012. At its meeting today, the Supervisory Board acceded to his request. It
also appointed Dr. Tobias Ohler (41) to the Executive Board, effective January
1, 2013. Ohler's contract is for three years. Currently, Ohler is Executive
Board member and Personnel Director of WACKER's subsidiary Siltronic.
Dr. Peter-Alexander Wacker, Chairman of WACKER's Supervisory Board, thanked
Sittenthaler for all his committed work. "For many years, Wilhelm Sittenthaler
has played a key role in helping shape and develop the WACKER Group in various
management positions held both in Germany and abroad. We wish him all the best
for the future. Our newly appointed Executive Board member, Tobias Ohler, has
already proven himself in several key positions at the company," Wacker said.
Dr. Wilhelm Sittenthaler
Dr. Wilhelm Sittenthaler studied chemical engineering at Vienna University of
Technology. After gaining his doctorate in technical sciences, he joined Wacker
Chemie GmbH in 1980. He held a variety of positions and spent many years in
Japan, where he was initially responsible for Regional Marketing & Sales. Later,
he became head of the Chemicals division there. In 1996, he was appointed head
of the Fluids, Resins and Silanes business unit at Burghausen in Germany. Four
years later, in 2000, he joined the Executive Board of Wacker Chemie GmbH. In
2003, he took over as President & CEO of Siltronic AG, a fully-owned subsidiary
of Wacker Chemie AG. Since May 2008, Sittenthaler has been a member of Wacker
Chemie AG's Executive Board and Personnel Director.
Dr. Tobias Ohler
Dr. Tobias Ohler studied economics and business administration / industrial
engineering in France, Germany and Australia. He obtained a PhD in economics
from the University of Oldenburg, Germany. After graduating, he worked as a
consultant at McKinsey from 1997 to 2004. He joined Wacker Chemie AG in 2005 as
head of Corporate Controlling and, in 2008, became head of Raw Materials
Procurement. In February 2010, he was appointed Executive Board member and
Personnel Director of Siltronic AG.
Further inquiry note:
Christof Bachmair
Media Relations & Information
Tel.: +49 (0)89 6279 1830
E-Mail: christof.bachmair@wacker.com
end of announcement euro adhoc
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company: Wacker Chemie AG
Hanns-Seidel-Platz 4
D-81737 München
phone: +49 (0) 89 6279 01
FAX: +49 (0) 89 6279 1770
mail: info@wacker.com
WWW: http://www.wacker.com
sector: Chemicals
ISIN: DE000WCH8881
indexes: MDAX, CDAX, Prime All Share
stockmarkets: free trade: Hannover, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing: Berlin, regulated dealing/prime standard:
Frankfurt
language: English