• Push-out Score determined
• After about six years in the position
• No successor named

(exechange) — Wiesbaden, Germany, August 14, 2019 — Jürgen Köhler, chief executive of SGL Carbon, leaves. As announced by SGL Carbon SE in an ad-hoc statement published on Wednesday, August 14, 2019, Jürgen Köhler leaves his post as Chief Executive Officer at the maker of carbon fibres for auto parts after about six years in the role, effective August 31, 2019.

SGL Carbon did not name a replacement for the position of Chief Executive Officer.

“As a consequence of this development”

On August 14, 2019, SGL Carbon also said that following the analysis of the actual results of the business unit Composites – Fibers & Materials (CFM) in July 2019, the company is correcting its guidance.

SGL Carbon said: “As a consequence of this development, the Chief Executive Officer Dr. Jürgen Köhler has informed the supervisory board today that he has resigned from his mandate as Chief Executive Officer effective August 31, 2019.”

Precise information regarding Jürgen Köhler’s future plans was not immediately available.

Share price decline

The announcement follows a decline in SGL Carbon SE’s share price of 77% since January 2014.

Chaired by Susanne Klatten

SGL Carbon SE is chaired by Susanne Klatten.

Klatten serves as Chairwoman of the Supervisory Board of SGL Carbon SE.

In the position of CEO since 2014

Jürgen Köhler became CEO of the Company in January 2014.

Köhler has served as Chairman of the Management Board and Chief Executive Officer at SGL Carbon SE since January 1, 2014.

Prior to that, he was Member of the Management Board at the Company.

During his professional career, he served as Chairman Business Unit Carbon Fibers & Composite Materials at SGL Technologies GmbH; Chairman Business Unit Graphite & Carbon Electrodes, SGL Carbon GmbH; Chairman Business Unit Cathodes & Furnace Linings, SGL Carbon GmbH; Manager Business Analysis, SGL Carbon GmbH; Management Functions in Production and Technology Acrylic Acid, Celanese AG and Engineering Department, Hoechst AG.

He graduated from Technical University Munich in Chemical Engineering.

Push-out Score determined

The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.

exechange reached out to SGL Carbon and offered the company the opportunity to comment on the score.

Read the full story in the exechange report 33.2019 ($).