EDAG Engineering Group AG: Extraordinary General Meeting elects Georg Denoke as Chairman of the Board of Directors

DGAP-News: EDAG Engineering Group AG / Key word(s): AGM/EGM/Change of Personnel

21.08.2018 / 12:00
The issuer is solely responsible for the content of this announcement.

EDAG Engineering Group AG: Extraordinary General Meeting elects Georg Denoke as Chairman of the Board of Directors

Arbon, 21 August 2018. EDAG Engineering Group AG held an Extraordinary General Meeting in Zurich today. In it, Mr. Georg Denoke, CEO of ATON GmbH and former CFO of Linde AG, has been elected as a member and Chairman of the Board of Directors and as a member of the Nomination and Compensation Committee.

"The election as Chairman of the Board of Directors honors me and I look forward to the coming tasks. EDAG as an independent engineering services provider stands for innovation, engineering skills and reliability since its foundation in 1969. Outstanding qualities that are also indispensable in times of dynamic changes in the automotive industry. Our company therefore sees digital change as an enormous opportunity to develop further with our customers as a partner for the mobility of the future. Together with the Board of Directors, the management team and all employees, we will drive the necessary changes", Denoke said upon election as Chairman of the Board. Mr. Denoke will contribute his international expertise, software competence and many years of management experience to the further development of the EDAG Group.

The Extraordinary General Meeting also approved two adjustments to the company's Statutes. The new version of the Statutes is available at ir.edag.com.


About EDAG

EDAG is an independent engineering services provider to the global automotive industry. The company serves leading domestic and international vehicle OEMs and sophisticated automotive suppliers through a global network of about 60 sites in major automotive centres of the world.

EDAG offers complementary engineering services across its Vehicle Engineering, Electrics/Electronics and Production Solutions businesses. Based on these extensive capabilities, EDAG can support clients across the entire value chain from the original design idea to product development and prototype construction all the way to the delivery of turnkey production systems. As a technology and innovation leader, EDAG also operates established centres of excellence that design landmark technologies for future applications in the automotive industry: lightweight construction, electric mobility, car IT, integral safety and new production technologies.

In financial year 2017, the company generated revenues of EUR 717 million and an adjusted EBIT of EUR 32.6 million. As at 31 December 2017, 8,404 employees (including apprentices) worked for EDAG in 19 countries.



Public Relations
Christoph Horvath
Press Officer EDAG Group
Phone:+49 (0) 661- 6000 570
Mail: pr@edag.de


Investor Relations
Sebastian Lehmann
Head of Investor Relations
Phone:+49 (0) 611- 7375 168
Mail: ir@edag-group.ag


Forward-looking statements


This release contains forward-looking statements. These statements are based on current estimates and projections of EDAG Executive Board and currently available information. They are not guarantees of future performance, involve certain risks and uncertainties that are difficult to predict, and are based upon assumptions as to future events that may not be accurate. Many factors could cause the actual results, performance or achievements of EDAG to be materially different from those that may be expressed or implied by such statements. EDAG does not assume any obligation to update the forward-looking statements contained in this release.


21.08.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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