SLM Solutions CFO Uwe Bögershausen leaves

  • Push-out Score suggests push-out forces
  • After about six years in the position
  • Praise, thanks and good wishes for Bögershausen
  • Search for a successor
  • Bögershausen said 114 words

(exechange) — Lübeck, Germany, November 1, 2018 — Uwe Bögershausen, finance chief of SLM Solutions, leaves. As announced by SLM Solutions Group AG in a news release on Thursday, November 1, 2018, Uwe Bögershausen, Chief Financial Officer, leaves the manufacturer of 3D metal printers after about six years in the role, effective in June 2019.

SLM Solutions will undertake a search for a successor.

“For personal reasons”

Uwe Bögershausen’s departure from the CFO post is explained as follows. Bögershausen said: “The decision was not easy for me and ultimately made for personal reasons.”

In the announcement, the company did not detail the personal reasons causing Bögershausen to leave the position, leaving room for speculation. Generally speaking, “personal reasons” may include, among others, family-related reasons, health reasons or disagreement.

Precise information about Uwe Bögershausen’s future plans was not immediately available.

“Not available for an extension of his current appointment”

SLM Solutions said: “Uwe Bögershausen, CFO and speaker of the Executive Board of SLM Solutions Group AG, has informed the Supervisory Board today that he is not available for an extension of his current appointment ending in June 2019.”

Share price decline

The change follows a decline in SLM Solutions Group AG’s share price of 69 percent since January 2018.

Elliott holds 18.91 percent stake

Elliott International Limited reported an 18.91 percent stake in SLM Solutions Group AG.

Chaired by Hans-Joachim Ihde

SLM Solutions Group AG is chaired by Hans-Joachim Ihde.

He has been SLM Solutions Group AG’s Chairman of the Supervisory Board since 2014. His mandate expires at the time of the Annual General Meeting which resolves on the fiscal year 2018.

In the position of CFO since 2013

Uwe Bögershausen (*1973) studied at the University of Oldenburg from 1994-1999, where he earned a degree in economics (Diplom-Ökonom).

From 1999 until 2000 he worked as a consultant at CSC Ploenzke AG.

Thereafter he worked until 2006 as project manager for Roland Berger Strategy Consultants GmbH.

From 2006 until 2010 he assisted aleo Solar AG, Prenzlau, in preparing and implementing its initial public offering.

From 2007 until 2010 he worked in the capacity of CFO of aleo Solar AG, Prenzlau, which he continued to assist following its takeover by Robert Bosch GmbH until June 2010 as an independent consultant.

In 2010, Bögershausen was appointed managing director of Derby Cycle Beteiligungs GmbH and became upon its reorganization as a stock corporation a member of the management board of Derby Cycle AG until 2012.

Bögershausen joined the SLM Group in September 2013 as chief financial officer of SLM Solutions Holding GmbH.

Upon the change of SLM Solutions Holding GmbH’s legal form into as a stock corporation in 2014, he became a member of the management board of SLM Solutions Group AG.

His contract expires in June 2019.

Unplanned

Generally speaking, when a top leader announces to step down with no successor in place, it is a sign that the move was unplanned and too early.

Push-out Score suggests push-out forces

It is not completely certain what forces eventually triggered Uwe Bögershausen’s move.

The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the change.

Read the full story in the exechange report 47.2018 ($).