Aalen, 7 June 2018. Effective 12 June 2018 Mr. Wolfgang Plasser will become the new Chief Executive Officer of SHW AG. He takes over the position from Dr.-Ing. Frank Boshoff, who will step down with effect from the end of 12 June 2018 in mutual agreement with the Supervisory Board. The decision has been resolved today by the Supervisory Board of the Company.
Mr. Plasser will take up his new position as CEO of SHW AG in addition to his current position as CEO of Pankl Racing Systems AG, based in Kapfenberg, Austria. Pankl Racing Systems AG belongs to the Pierer Group, which also holds a majority interest in SHW AG. Mr. Plasser resigned today from his position on the Supervisory Board of SHW AG, to which he was recently elected by the Annual General Meeting of the Company on 8 May 2018.