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Company Information/Personnel/K+S Aktiengesellschaft
Kassel (euro adhoc) - After the meeting of K+S´s Supervisory Board has just
ended we would like to inform you about changes within the Board of Executive
Directors of K+S and the Supervisory Board´s resolution to propose to the Annual
General Meeting that Dr. Ralf Bethke be re-elected as its Chairman. In addition,
the Annual General Meeting shall decide on a new remuneration system for
Supervisory Board members
__________________________________________________
Changes in the Board of Executive Directors of K+S Aktiengesellschaft
Joachim Felker retires on 30 September 2012
Dr. Burkhard Lohr appointed as new CFO by the Supervisory Board with effect
from 1 June 2012
After 38 successful years in business, of which the past seven years on the
Board of Executive Directors of K+S Aktiengesellschaft, Joachim Felker will, at
the age of 60, retire upon expiration of his contract on 30 September 2012. The
Supervisory Board and the Board of Executive Directors would like to thank Mr.
Felker for his valuable contributions to the Company and for his many years of
loyalty, and wish him all the best in his retirement.
At its meeting held today, the Supervisory Board of K+S Aktiengesellschaft
appointed Dr. Burkhard Lohr (49) to the Board of Executive Directors of the
Company. Lohr will take over his position as CFO with effect from 1 June 2012.
From 2006, Lohr has been CFO and additionally, from May 2008, Personnel Director
of Hochtief AG, Essen. Previously, he had been CFO of Hochtief Construction AG,
Essen, and for a number of years a member of the senior management of Hochtief
in Essen and Munich. "We are delighted to welcome Dr. Lohr to our team and look
forward to working together with him", said Norbert Steiner, Chairman of the
Board of Executive Directors of K+S Aktiengesellschaft, who had taken over the
post of CFO on a transitional basis.
Dr. Lohr is married and father of two children. He studied business
administration at the University of Cologne and obtained his Ph.D. at the
Technical University of Braunschweig.
Experience growth
The K+S Group is one of the world's leading suppliers of standard and speciality
fertilizers. In the salt business, K+S is the world´s leading producer with
sites in Europe as well as North and South America. K+S offers a comprehensive
range of goods and services for agriculture, industry, and private consumers,
which provides growth opportunities in virtually every sphere of daily life. The
K+S Group employs more than 14,000 people. The K+S share - the commodities stock
on the German DAX index - is listed on all German stock exchanges (ISIN:
DE000KSAG888, symbol: SDF). More information about K+S at www.k-plus-s.com.
__________________________________________________
Kassel, 14 March 2012
K+S relies on competence and continuity
Dr. Ralf Bethke nominated for further term of office as chairman of the
Supervisory Board
The Supervisory Board of K+S Aktiengesellschaft proposes the re-election
of Dr. Bethke as Chairman of the body to the Annual General Meeting
Shareholders decide on new remuneration system for Supervisory Board
members
At its meeting today, the Supervisory Board resolved to propose to the Annual
General Meeting on 9 May 2012 that Dr. Bethke be re-elected to the Supervisory
Board. His mandate ends at the close of the ordinary Annual General Meeting
2012. The members of the Supervisory Board further intend to once again elect
Dr. Bethke as chairman of the Supervisory Board in the event of his successful
re-election to the Supervisory Board. From 1991 to 2007, Dr. Bethke (69) had
been chairman of the Board of Executive Directors of K+S Aktiengesellschaft and,
also as chairman of the Supervisory Board, he contributed with his knowledge and
experience considerably to the success and internationalisation of the K+S
Group.
Moreover, on 9 May 2012, the Annual General Meeting is to decide on an altering
of the remuneration of the Supervisory Board. The Board of Executive Directors
and the Supervisory Board consider that an exclusively fixed remuneration of the
members of the Supervisory Board better takes account of the consulting and
controlling function of the Supervisory Board, which generally exists
independently of the success of the Company, than the existing form of
remuneration, which also includes a variable component. Furthermore, it appears
reasonable to adjust the remuneration for the activity in the committees of the
Supervisory Board to the greater workload and complexity. The proposed change to
the Supervisory Board remuneration is intended to ensure that in future too,
members can be found for the Supervisory Board who have a high level of
competence and long-term as well as international experience in the governance
of and in providing advice to companies or business-related institutions.
A member of the Supervisory Board shall in future receive fixed annual
remuneration of EUR 100,000 (previously: EUR 55,000). The previous annual
variable remuneration, which was determined by the amount of the return on total
investment achieved by the K+S Group in the respective financial year and could
amount to a maximum of EUR 45,000, will cease and not be replaced. The chairman
of the Supervisory Board shall receive twice this amount and the vice-chairman
one-and-a-half times the amount of such remuneration. The work on the committees
of the Supervisory Board has increased significantly in scope and complexity in
recent years. The members of the audit committee shall therefore receive annual
remuneration of EUR 15,000 each (previously: EUR 7,500), and the members of the
personnel committee annual remuneration of EUR 7,500 each (previously not
remunerated). For his or her activity on the nomination committee, each member
shall receive annual remuneration of EUR 7,500 (previously not remunerated) if
at least two meetings have taken place in the respective year. The chairmen of
these committees shall receive twice this amount and the vice-chairman
one-and-a-half times the amount.
Note to editors: A photo and the CV of Dr. Ralf Bethke can be found on the
Internet at
www.k-plus-s.com/en/aufsichtsrat/index.html
Experience growth
The K+S Group is one of the world's leading suppliers of standard and speciality
fertilizers. In the salt business, K+S is the world´s leading producer with
sites in Europe as well as North and South America. K+S offers a comprehensive
range of goods and services for agriculture, industry, and private consumers,
which provides growth opportunities in virtually every sphere of daily life. The
K+S Group employs more than 14,000 people. The K+S share - the commodities stock
on the German DAX index - is listed on all German stock exchanges (ISIN:
DE000KSAG888, symbol: SDF). More information about K+S at www.k-plus-s.com.
Your contact persons:
Press:
Michael Wudonig, CFA
phone: +49 561 9301-1262
fax: +49 561 9301-1666
michael.wudonig@k-plus-s.com
Investor Relations:
Christian Herrmann, CFA
phone: +49 561 9301-1460
fax: +49 561 9301-2425
christian.herrmann@k-plus-s.com
K+S Aktiengesellschaft
Communications
P.O. Box 10 20 29, 34111 Kassel, Germany
Bertha-von-Suttner-Str. 7, 34131 Kassel
www.k-plus-s.com
__________________________________________________________
Chairman of the Supervisory Board: Dr. Ralf Bethke
Board of Executive Directors: Norbert Steiner (Chairman), Joachim Felker, Gerd
Grimmig, Dr. Thomas Nöcker
Registered Office: Kassel
Commercial Register: Kassel HRB 2669
Further inquiry note:
Press:
Michael Wudonig, CFA
phone: +49 561 9301-1262
fax: +49 561 9301-1666
michael.wudonig@k-plus-s.com
Investor Relations:
Christian Herrmann, CFA
phone: +49 561 9301-1460
fax: +49 561 9301-2425
christian.herrmann@k-plus-s.com
end of announcement euro adhoc
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company: K+S Aktiengesellschaft
Bertha-von-Suttner-Straße 7
D-34131 Kassel
phone: +49 (0)561 9301-1460
FAX: +49 (0)561 9301-2425
mail: christian.herrmann@k-plus-s.com
WWW: http://www.k-plus-s.com
sector: Chemicals
ISIN: DE000KSAG888
indexes: DAX, Midcap Market Index, CDAX, Classic All Share, HDAX, Prime All
Share
stockmarkets: official dealing: Hannover, Berlin, Hamburg, regulated dealing:
München, Stuttgart, official dealing/prime standard: Frankfurt
language: English