Supervisory Board resolves on changes to Executive Board

July 21, 2015

  • CEO Utnegaard assumes responsibility for the Power and Industrial segments
  • Koolen and Enenkel to leave the Executive Board
  • Operating profit expectations for first half-year 2015 confirmed

At its meeting today, the Supervisory Board of Bilfinger SE resolved to reduce the Executive Board from five to three members and in the near term to effect the resignation of Pieter Koolen, previously responsible for the Industrial business segment, and Joachim Enenkel, previously responsible for the Power business segment, on amicable terms. Following his departure, Pieter Koolen will be available to the company for several months in a consulting capacity.

The divisions in the Power and Industrial business segments will in future be headed by CEO Per H. Utnegaard directly. Dr. Jochen Keysberg retains responsibility for the Building and Facility business segment.

Bilfinger confirms the expectations for the first half of 2015: the company anticipates an adjusted EBITA from continuing operations in the mid double-digit million euro range. The half-year figures will be published as planned on August 12, 2015. In the course of the repositioning, the Executive Board has initiated a detailed strategic review of all business segments, the results of which will be available in the fall of 2015.

(identical to ad hoc announcement)