GEA Group Aktiengesellschaft, DE0006602006

GEA Group Aktiengesellschaft, DE0006602006

13.03.2019 - 21:17:11

GEA Group Aktiengesellschaft: Niels Erik Olsen leaves GEA's Executive Board

Niels Erik Olsen leaves GEA's Executive Board

Düsseldorf, March 13, 2019 - Today, the Supervisory Board of GEA Group Aktiengesellschaft and Niels Erik Olsen (52), member of GEA's Executive Board responsible for the Business Area Solutions, have agreed on an early termination of his service agreement, which is due to expire on December 31, 2021. Olsen steps down from his mandate with immediate effect. The CEO, Stefan Klebert, is taking over and will run the Business Area Solutions in addition to his other responsibilities. Niels Erik Olsen joined the company in 1991 and held various management positions in GEA's former Process Engineering Segment in Europe, Asia and the USA. In 2010 he was appointed to their Segment board, before being appointed to the Executive Board of GEA effective January 1, 2016. As one of five Board members, he was responsible for the Business Area Solutions. Dr. Helmut Perlet, Chairman of GEA's Supervisory Board, said: "On behalf of the entire Supervisory Board, I would like to thank Niels Erik Olsen for his many years of successful service and his dedication to GEA during the past 28 years and wish him all the best for the future. At the same time, the Supervisory Board encourages GEA's Executive Board under the leadership of Stefan Klebert to continue on its chosen path towards performance improvement."Corporate Media and Press: Marc Pönitz Peter-Müller-Str. 12, 40468 Düsseldorf, Germany Phone +49 211 9136-1500 marc.poenitz@gea.comAbout GEA GEA is one of the largest suppliers for the food processing industry and a wide range of other industries that generated consolidated revenues of approximately EUR 4.8 billion in 2018. The international technology group specializes in machinery, and plants as well as process technology and components. GEA provides sustainable energy solutions for sophisticated production processes in various end-user markets and offers a comprehensive service portfolio. The group generates around 70 percent of its revenue in the food and beverages sector that enjoys long-term sustainable growth. As of December 31, 2018, the company employed more than 18,000 people worldwide. GEA is a market and technology leader in its business areas. The company is listed on the German MDAX (G1A, WKN 660 200), the STOXX(R) Europe 600 Index and selected MSCI Global Sustainability Indexes. Further information is available on the Internet at GEA Group Aktiengesellschaft Phone +49 (0)211 9136 1081 Fax +49 (0)211 9136 31087

13.03.2019 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.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at

Language: English Company: GEA Group Aktiengesellschaft Peter-Müller-Straße 12 40468 Düsseldorf

Germany Phone: +49 (0)211 9136-0 Fax: +49 (0)211 9136-31087 E-mail: Internet: ISIN: DE0006602006 WKN: 660200 Indices: MDAX Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich; Regulated Unofficial Market in Hanover, Stuttgart, Tradegate Exchange   End of News DGAP News Service

787349  13.03.2019