June 22, 2017

Change in the Xella top management: Dr. Jens Kimmig appointed new Chief Financial Officer (CFO)

Dr. Jens Kimmig (49) will assume the functions of the CFO of the Xella Group on July 1, 2017

Jürgen Wiecha, former CFO of the Xella Group, will leave the company on June 30, 2017 at his own request

CEO Fabritius: Dr. Kimmig is an experienced and dynamic CFO with a personality that fits perfectly with Xella. Together we will further strengthen the Group.

The information contained in this document is not for publication, distribution or release to or within the United States of America, Canada, Japan or Australia.

Duisburg, June 22, 2017. In the management of the building material manufacturer Xella, which is mainly known for its brands Ytong, Silka and Multipor, Dr. Jens Kimmig assumes the responsibilities of the former CFO Jürgen Wiecha on July 1, 2017. The smooth transition guarantees the stability in the management and the continuation of the very positive volume and profitability growth path.
 
Dr. Kimmig, whose doctoral thesis at the Johannes Gutenberg University in Mainz was about risk controlling, has been a CFO for more than 15 years. Most recently, he reorganized the financial planning of BSN medical, a global player in the marketing of high-quality medical products in Hamburg, and was responsible for the successful sale of the company. Prior to this, as a long-standing CFO of the Tank & Rast Group, he was responsible for the implementation of strategic and operational projects and the successful refinancing of the Group. Dr. Jochen Fabritius: "Xella is facing further changes that are coming through changing markets and which we are helping to shape through our transformation. Dr. Kimmig will enrich this process with his extensive expertise. I look forward to working with him."
                 
Jürgen Wiecha, former CFO of the Xella Group, leaves the company on June 30, 2017 at his own request and in the best mutual agreement. He will continue to provide Xella with advice. Dr. Fabritius: "Jürgen Wiecha was a highly esteemed colleague who has made a valuable contribution to the profitable development of the group over the past two and a half years. I especially appreciated the intensive exchange.I wish Mr. Wiecha professionally and privately all the best!"
 
A photo of Dr. Jens Kimmig is available for download at https://www.xella.com/en/photos-management.php
 
Number of characters: 2,146
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Contact persons for the press:
 
Xella International GmbH
Stefanie Steiner – Head of Public & Investor Relations
Phone: +49 203 60880-5500
Email: stefanie.steiner@xella.com
 
About Xella

Xella Group is a leading, internationally operating solution provider of building materials and related industries, with sales of 1.33 billion euros (2016) and over 5,900 employees. Xella is one of the most profitable companies in the industry with earnings (EBITDA) of around 280 million euros (2016) and an EBITDA margin of some 21 percent (2016).

Xella is headquartered in Duisburg/Germany, with 95 plants in 20 countries and sales organizations in more than 30 countries. In many of its markets Xella holds leading positions.

The success of Xella is based on strong brands in the premium segment (e.g., Ytong or Fermacell), a superior service portfolio, a solid business model, and systematically expanded cost leadership.

Xella’s products are sustainable both in manufacture and use. Therefore, they make an important contribution to the construction of energy-efficient, high-quality buildings, and consequently to environmental protection and the conservation of resources.

Xella is led by an experienced management team consisting of Dr. Jochen Fabritius (CEO) and Dr. Jens Kimmig (CFO).

Further information on Xella Group can be found on the internet at:
www.xella.com

 
Important note:
 
This press release and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell, or a solicitation of an offer to buy or subscribe for, any securities in the United States of America (“U.S.”), Australia, Canada, Japan or in any jurisdiction in which such offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the laws of any state of the U.S., and may not be offered, sold or otherwise transferred in the U.S. absent registration or pursuant to an available exemption from registration under the Securities Act. Neither Xella International S.A. nor its shareholder intends to register any securities referred to herein in the U.S.
 
Any offer will be made exclusively on the basis of a prospectus which is to be published.
 
No money, securities, or other consideration is being solicited, and, if sent in response to the information contained herein, will not be accepted.
 
This press release contains forward-looking statements. These statements are based on the current views, expectations, assumptions and information of the management of Xella International S.A. Forward-looking statements involve known and unknown risks and uncertainties and, therefore, should not be construed as guarantees of future results, performance and events. Actual results, performance or events may differ materially from those described in such statements due to, among other things, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, affecting Xella International S.A., and other factors. Xella International S.A. does not undertake any obligation to update any forward-looking statements.