Future Directorate Change

RNS Number : 3038Q

RHI Magnesita N.V.

05 June 2018

 

RHI Magnesita N.V.

("RHI Magnesita" or the "Company")

Future Directorate Change

Octavio Pereira Lopes, the CFO of RHI Magnesita, has informed the Board that it is his intention to leave the Company by the end of 2018 and return to Brazil with his family to pursue other career opportunities. We respect this decision and wish Octavio a lot of success for his new professional chapter and all the best for his family.

Octavio has been playing a key part in the integration of the two businesses which continues to go very well. The Board is thankful for this support and we keep counting on Octavio's expertise over the next months until his departure. We anticipate it will be some months before we appoint Octavio's successor.

In addition to Octavio's departure a number of internal adjustments to the finance organization have been implemented to ensure a smooth transition and best operational set-up long-term.

No further information is required to be disclosed under 9.6.13R of the UK Listing Rules.

About RHI Magnesita

RHI Magnesita is the result of the combination of RHI and Magnesita to form the global leading supplier of high-grade refractory products, systems and services which are indispensable for industrial high-temperature processes exceeding 1,200°C in a wide range of industries, including steel, cement, non-ferrous metals, and glass, among others. With a vertically integrated value chain, from raw materials to refractory products and full performance-based solutions, RHI Magnesita serves more than 10,000 customers in nearly all countries around the world.

The Company has unmatched geographic diversification with more than 14,000 employees in 35 main production sites and more than 70 sales offices. RHI Magnesita intends to use its global leadership position in terms of revenue, greater scale, complementary product portfolio and diversified geographic presence around the world to target opportunistically those countries and regions benefitting from more dynamic economic growth prospects.

For more information please visit: www.rhimagnesita.com.

Enquiries:

RHI Magnesita N.V.

Eduardo Gotilla, Head of Corporate Finance and Investor Relations

E-mail: [e-mail]

Stefan Rathausky, Head of Corporate Communications

E-mail: [e-mail] 

 

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