Tim Hartmann is appointed as the new Chairman of the Management Board of SHS - Stahl-Holding-Saar and as Chairman of the Board of Directors of Dillinger and Saarstahl

Following the announcement of Dr. Michael Müller (63) and Fred Metzken (62) at the beginning of February that they are going to withdraw from the operative business as of 31 August 2018, the committees of the Supervisory Board of SHS - Stahl-Holding-Saar GmbH & Co KGaA (SHS), Aktien-Gesellschaft der Dillinger Hüttenwerke (Dillinger), DHS – Dillinger Hütte Saarstahl AG (DHS) and Saarstahl AG held consultations regarding the succession and passed the corresponding resolutions in their respective meetings on 8th and 9th March. At SHS level, Tim Hartmann (49) was appointed as Chairman of the Management Board of SHS - Stahl-Holding-Saar with effect from 1 September 2018 for a period of 5 years. Mr Hartmann will also take on responsibility for Finance. Furthermore, it was resolved to reappoint Dr. Bernd Münnich and Peter Schweda as Members of the Management Board with effect from 1 January 2019.

At the level of Dillinger and DHS, Tim Hartmann has been appointed Chairman of the Board of Directors of Dillinger and DHS for term of office of 5 years with effect from 1 September 2018. In addition to the Chairmanship, Tim Hartmann is taking on the responsibility for Finance on the Board of Directors at Dillinger.

At Saarstahl, Tim Hartmann has been appointed as Chairman of the Board and Member of the Board responsible for Finance for a period of office of 5 years with effect from 1 September 2018.

Furthermore, at Saarstahl, Dr. Klaus Richter (57) has been reappointed as a Member of the Board of Directors with responsibility for Sales for a further 5 years with effect from 1 October 2018.

“The Supervisory Board of SHS extends its thanks to Dr. Michael Müller and Fred Metzken for their successful endeavours at the head of SHS over the past years and expresses its great recognition and appreciation for the important undertaking of setting the course for strengthening the future viability of the Saarland’s steel industry” commented Reinhard Störmer, Chairman of the Supervisory Board of SHS. “They have both significantly advanced SHS as an operative holding and reinforced the positions of Dillinger and Saarstahl as premium manufacturers on their respective markets”.

In his function as Chairman of the Supervisory Board of Dillinger and Saarstahl, Dr. Michael Müller, for his part, thanks Fred Metzken for his long years of commitment and untiring work for the benefit of the companies and their employees. Müller added, “In the many years of his post as Member of the Board of Directors responsible for Finance and latterly as Spokesman for the Board, he always kept a watchful eye on and consolidated the financial stability of the companies. At the same time, he ensured that, not least through the implementation of important strategic investments, the companies are well equipped for the future”.

About SHS - Stahl-Holding-Saar:

SHS - Stahl-Holding-Saar GmbH & Co. KGaA (SHS), which was founded in 2001, is the management holding of the two large Saarland-based steel companies. Dillinger is a worldwide leader in the production of heavy plates made of steel for steel construction, mechanical engineering, off-shore, offshore-windpower and the linepipe sector. Saarstahl is a globally leading manufacturer of rod and bar steel for the automotive industry, the construction industry and general machinery. Around 14,000 employees work within SHS and generate a turnover totalling around 4.5 billion euros.