Change of Employee Representative Directors

RNS Number : 6479V

RHI Magnesita N.V.

14 December 2021

 

RHI Magnesita N.V.

("RHI Magnesita" or the "Company")

Change of Employee Representative Directors

In accordance with LR 9.6.11 and LR 9.6.13, RHI Magnesita announces that Dr Martin Kowatsch, has been appointed as an Employee Representative Director of the Board by the Austrian Works Council, with effect from 14 December 2021, for a four-year term in accordance with the Company's Articles of Association.

Martin Kowatsch replaces Franz Reiter who is retiring from his role as an Employee Representative Director. The Board wishes him all the best for his retirement. Furthermore, the Board welcomes Dr Kowatsch and looks forward to his contribution as a representative of the workforce.  

Additionally, the Company advises shareholders that Michael Schwarz has been re-appointed for a further four-year term by the German Works Council on 9 December 2021.

No other disclosure obligations arise under paragraphs (1) to (6) of LR 9.6.13 R of the FCA's Listing Rules in respect of this appointment.

For further enquiries, please contact:

Chris Bucknall, Head of Investor Relations

Tel [phone]

E‐mail: [e-mail]

About RHI Magnesita

RHI Magnesita is the leading global supplier of high-grade refractory products, systems and solutions which are critical for high-temperature processes exceeding 1,200°C in a wide range of industries, including steel, cement, non-ferrous metals and glass. With a vertically integrated value chain, from raw materials to refractory products and full performance-based solutions, RHI Magnesita serves customers around the world, with around 12,000 employees in 30 main production sites and more than 70 sales offices. RHI Magnesita intends to leverage its leadership in terms of revenue, scale, product portfolio and diversified geographic presence to target strategically those countries and regions benefitting from more dynamic economic growth prospects.

The Group maintains a premium listing on the Official list of the London Stock Exchange (symbol: RHIM) and is a constituent of the FTSE 250 index, with a secondary listing on the Vienna Stock Exchange (Wiener Börse). For more information please visit: www.rhimagnesita.com

 

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