Dr. Uwe Salzer, Member of the Executive Board of H.C. Starck GmbH, Goslar, responsible for the company’s financial affairs, is leaving the company. Dr. Salzer informed the Supervisory Board that he will not be available for an extension of his current contract. He cited personal reasons for his decision, as Dr. Salzer would like to concentrate on managing his family’s company in the Rhine-Main region of Germany in the future. H.C. Starck has begun searching for a suitable successor from outside the company. Dr. Salzer will continue to serve the company until a candidate has been found. Since Dr. Salzer joined the H.C. Starck Group in April 2008, the company has undergone a challenging time. Through rigorous cost-saving measures, strategic growth projects and a sales initiative, Dr. Salzer and his colleague on the Executive Board, Dr. Axel Westerhaus, have succeeded in meeting the demands of the economic crisis and in leading the company on a successful growth course, said Dr. Andreas Meier, who took over as Chairman of the H.C. Starck Executive Board in February 2010. This year sales have clearly recovered, production capacity is very good and the operating result has improved significantly, Dr. Meier added. ”Axel Westerhaus and I sincerely regret Uwe Salzer’s decision. He is a highly qualified expert in his field, who, together with his team, did an excellent job, especially in bank negotiations. Uwe Salzer also has an extraordinary business sense, which he demonstrated while temporarily assuming the function of CEO during a particularly difficult time for the company in 2009. We wish him the best of success for the future.” The company shareholders, Advent und Carlyle, and the Supervisory Board of H.C. Starck thank Dr. Salzer for his personal commitment during his years as CFO of H.C. Starck Group. We respect his decision and wish him continued success, said Dr. Engelbert Heimes, Chairman of the Supervisory Board. |
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