Prof. Dr. Jürgen Strube has decided to step down from his duties as Chairman of the Supervisory Board in order to facilitate continuity and invigoration of the Supervisory Board. This decision will be effective at the conclusion of the Shareholder’s Meeting on May 11, 2011. During his tenure of almost 8 years he oversaw the succession of the Chairman of the Executive Board, increased sales and earnings as well as the complete debt relief of the Group.
Prof. Dr. Bernd Gottschalk will also retire as a member of the Supervisory Board during the upcoming Shareholder’s Meeting in order to allow for the invigoration of the Supervisory Board. During his tenure of 15 years he actively followed sizeable acquisitions, the streamlining of the Group and the succession of the Chairman of the Executive Board.
At the upcoming Shareholder’s Meeting, the Supervisory Board will propose to elect Dr. Jürgen Hambrecht, Chairman and CEO of BASF SE, and Ines Kolmsee, Chairman and CEO of SKW Stahl-Metallurgie Holding AG, to the Supervisory Board of Fuchs Petrolub AG. In the case of this election, the Supervisory Board intends to appoint Dr. Hambrecht as its Chairman.