Amsterdam, 24 February
2021 (Regulated Information) --- The
Supervisory Board of AMG Advanced Metallurgical Group N.V. (“AMG”,
EURONEXT AMSTERDAM: “AMG”) resolved during its meeting on February
24, 2021 to propose to the General Meeting of Shareholders to
nominate for reappointment Dr. Heinz Schimmelbusch and Mr. Eric
Jackson for additional terms of two and four years, respectively,
when their current terms expire in 2021.
Supervisory Board
Composition
At the Annual General Meeting (“AGM”) in May
2021, Mr. Willem van Hassel, Vice Chairman, will have served four
years on the Supervisory Board when his current term ends. On that
occasion, Mr. Herb Depp, Chair of the Remuneration Committee, will
have served eight years on the Supervisory Board when his current
term ends. The Board is very pleased that both gentlemen have
agreed to continue to serve on the Supervisory Board. The
Supervisory Board will nominate Mr. van Hassel and Mr. Depp for
reappointment by the General Meeting Shareholders on May 6 of this
year as independent members of the Supervisory Board for terms of
respectively four years (Mr. van Hassel) and two years (Mr.
Depp).
Mr. Frank Löhner has indicated that he wishes to
step down after the AGM on May 6 of this year due to other pressing
engagements, having served three years on the Supervisory Board.
The Supervisory Board respects and accepts with regret the decision
of Mr. Löhner and thanks him for his valuable insights and
contributions and wishes him well in his future endeavors. Given
the retirement of Mr. Löhner, the Supervisory Board is very pleased
to nominate Mr. Warmolt Prins for appointment by the General
Meeting of Shareholders as a Supervisory Board member with effect
as of May 6, 2021. Mr. Prins, who has Dutch nationality, is a
chartered accountant and former partner of EY Accountants and
served as external auditor (on behalf of EY) of AMG from 2010
through 2015. Mr. Prins also brings highly relevant industry
experience.
Management Board
Composition
The terms of both the CEO and COO (Dr. Heinz
Schimmelbusch and Mr. Eric Jackson, respectively) will end in May
2021. As extensively explained in the 2017 Annual Report and at the
2018 Annual Meeting, the Supervisory Board had concluded that it
was of the utmost importance that AMG secure the leadership of Dr.
Heinz Schimmelbusch for the coming years as CEO and Chairman of the
Management Board, given the transformational changes that had been
initiated by the Company by implementing the Company’s long-term
strategy.
Now, in 2021, AMG finds itself still in the
midst of the COVID-19 pandemic that has shaken the world and its
global economy in unprecedented ways. The Selection &
Appointment Committee has held extensive discussions with its
fellow board members and the Management Board about the leadership
of the Company and the entirely unforeseen and dramatic impact of
the COVID-19 pandemic that began in early 2020 and is expected to
continue to affect AMG’s business operations and prospects in 2021
and 2022.
The committee is extremely pleased that both Dr.
Schimmelbusch and Mr. Jackson have agreed to be available for
extensions of their terms on the Management Board, if and when
appointed, for periods of two and four years, respectively, in
order to drive the strategic agenda of the Company and prepare the
Company in the best possible way for the post-pandemic economy.
This press release contains inside information within the
meaning of Article 7(1) of the EU Market Abuse Regulation.
This press release contains regulated
information as defined in the Dutch Financial Markets Supervision
Act (Wet op het financieel toezicht).
About AMG
AMG is a global critical materials company at
the forefront of CO2 reduction trends. AMG produces highly
engineered specialty metals and mineral products and provides
related vacuum furnace systems and services to the transportation,
infrastructure, energy, and specialty metals & chemicals end
markets.
AMG Clean Energy Materials combines our
recycling and mining operations producing materials for
infrastructure and energy storage solutions while reducing the CO2
footprint of both suppliers and customers. Clean Energy Materials
spans the vanadium, lithium, and tantalum value chains. AMG
Critical Materials Technologies combines our leading vacuum furnace
technology line with high-purity materials serving global leaders
in the aerospace sector. AMG Critical Minerals consists of our
mineral processing operations in antimony, graphite and silicon
metal.
With approximately 3,000 employees, AMG operates
globally with production facilities in Germany, the United Kingdom,
France, the United States, China, Mexico, Brazil, India, Sri Lanka,
and Mozambique, and has sales and customer service offices in
Russia and Japan (www.amg-nv.com).
For further information, please
contact:AMG Advanced Metallurgical Group
N.V. +1 610 975
4979Michele
Fischermfischer@amg-nv.com
Disclaimer
Certain statements in this press release are not
historical facts and are “forward looking.” Forward looking
statements include statements concerning AMG’s plans, expectations,
projections, objectives, targets, goals, strategies, future events,
future revenues or performance, capital expenditures, financing
needs, plans and intentions relating to acquisitions, AMG’s
competitive strengths and weaknesses, plans or goals relating to
forecasted production, reserves, financial position and future
operations and development, AMG’s business strategy and the trends
AMG anticipates in the industries and the political and legal
environment in which it operates and other information that is not
historical information. When used in this press release, the
words “expects,” “believes,” “anticipates,” “plans,” “may,” “will,”
“should,” and similar expressions, and the negatives thereof, are
intended to identify forward looking statements. By their
very nature, forward-looking statements involve inherent risks and
uncertainties, both general and specific, and risks exist that the
predictions, forecasts, projections and other forward-looking
statements will not be achieved. These forward-looking
statements speak only as of the date of this press release.
AMG expressly disclaims any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statement
contained herein to reflect any change in AMG's expectations with
regard thereto or any change in events, conditions, or
circumstances on which any forward-looking statement is based.
- AMG Supervisory Board & Management Board Changes &
Reappointments PR
Affiliated Managers (NYSE:AMG)
Historical Stock Chart
From Apr 2024 to May 2024
Affiliated Managers (NYSE:AMG)
Historical Stock Chart
From May 2023 to May 2024