WACKER´S Executive Board is complete
- Dr. Wilhelm Sittenthaler becomes new Executive Board member - Executive Board contract of Auguste Willems extended for another five years
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Munich (euro adhoc) - March 13, 2008 - Dr. Wilhelm Sittenthaler is to join the Executive Board of Wacker Chemie AG. A resolution to this effect was passed by the Supervisory Board at its meeting today. Wilhelm Sittenthaler will become a member of WACKER´s Executive Board on May 8, 2008. His contract lasts until 2013. Today´s appointment means that the Executive Board will continue to have four members. At the same meeting, the Supervisory Board extended Auguste Willems´ contract for another five years until 2013.
The new appointment is related to the fact that Dr. Peter-Alexander Wacker, the current President & CEO, is leaving the Executive Board. At the Annual Shareholder Meeting on May 8, 2008, he will step down and stand as a candidate for the Supervisory Board that same day. His successor as President & CEO will be Dr. Rudolf Staudigl, who has been a member of the company´s Executive Board since 1995. Wacker Chemie AG announced this change at its helm in December 2007.
"With personnel changes to the Executive Board now complete," explains President & CEO Peter-Alexander Wacker, "we have ensured the continuity of WACKER´s leadership for the years ahead." Wilhelm Sittenthaler has held various managerial positions at WACKER over the last 28 years. Since May 1, 2003, he has been President & CEO of Siltronic AG, a fully-owned subsidiary of Wacker Chemie AG. In his new position on WACKER´s Executive Board, he will remain President & CEO of Siltronic.
Dr. Wilhelm Sittenthaler Dr. Wilhelm Sittenthaler studied chemical engineering at Vienna University of Technology. After gaining his doctorate in technical sciences, he joined Wacker Chemie GmbH in 1980. He held a variety of positions and spent many years in Japan, where he was initially responsible for Regional Marketing & Sales. Later, he became head of the Chemicals division there. In 1996, he was appointed head of the Fluids, Resins and Silanes business unit at Burghausen in Germany. Four years later, in 2000, he was appointed to the Executive Board of Wacker Chemie GmbH. Since May 2003, he has been President & CEO of Siltronic AG, a fully-owned subsidiary of Wacker Chemie AG.
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
Christof Bachmair
Media Relations & Information
Tel. +49 89 6279-1830
E-Mail: christof.bachmair@wacker.com
Branche: Chemicals
ISIN: DE000WCH8881
WKN: WCH888
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