SHW AG / Key word(s): Change of Personnel/Change of Personnel

30.04.2013 / 20:27


CEO Dr. Wolfgang Krause leaves SHW AG

Aalen, 30 April 2013. Dr. Wolfgang Krause, CEO of SHW AG, will leave the Company by mutual consent by the end of the month. This was agreed upon by the supervisory board and the CEO today. Dr. Krause has been the chairman of the company's management board since 2008 and, following the listing of the company in July 2011, the Company's CEO. The Company and the supervisory board thank Dr. Krause for his many years of successful activities for the Company and wish him success in the future and all the best for him personally.

Mr. Andreas Rydzewski, who has been a member of the Company's management board for many years, will act as interim CEO until Dr. Krause's successor takes office.

About SHW
The enterprise was established in 1365, making it one of the oldest industrial enterprises in Germany. Today, SHW AG is a leading automotive supplier with products that contribute substantially to a reduction of fuel consumption and consequently CO2 emissions. In its Pumps and Engine Components business segment, the SHW Group develops and produces pumps for passenger cars and truck and off-highway applications, e.g. trucks, agricultural and construction vehicles, stationary motors and wind power stations. The Brake Discs business segment develops and produces monobloc ventilated brake discs made of cast iron and lightweight brake discs made from a combination of an iron friction ring and an aluminium pot. Customers of the SHW Group include leading European and North American automobile manufacturers, manufacturers of commercial, construction and agricultural vehicles and other automotive suppliers. The SHW Group currently has four manufacturing sites in Germany, located in Bad Schussenried, Aalen-Wasseralfingen, Tuttlingen-Ludwigstal and Neuhausen ob Eck. With slightly more than 1,000 employees, the SHW Group generated sales from continuing operations in 2012 of EUR 325 million. Further information is available at:

Contact person
Michael Schickling
Head of Investor Relations & Corporate Communications
Telephone: +49 (0) 7361 502 462

This announcement does not constitute an offer to sell securities in the United States of America, Canada, Australia, Japan or any other jurisdictional territory where offers are subject to statutory restrictions. The securities named in this announcement may only be sold or offered for sale in the United States of America following their prior registration in accordance with the provisions of the version of the US Securities Act of 1933 currently in force (the 'Securities Act') or, without prior registration, only on the basis of an exemption. Unless provided for by certain exceptions within the Securities Act, the securities named within this announcement may not be sold or offered for sale in Australia, Canada or Japan, nor may they be sold or offered for sale to or for account of residents of Australia, Canada or Japan. No registration of the offer or sale of the securities named in this announcement will take place, as stipulated by the relevant statutory provisions in Canada, Australia and Japan. There is no public solicitation to buy securities in the United States of America.

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