The initially planned face-to-face annual general meeting, which was scheduled for May 8, had to be canceled due to the spread of coronavirus. By passing emergency legislation at the end of March in response to the pandemic, the German legislator made it possible at short notice for annual general meetings to be held virtually. On May 28, shareholders will be able to take part in the annual general meeting online; they can send in their questions for the Board of Management and the Supervisory Board prior to the event. Shareholders´ voting rights can be exercised through a proxy or with the help of an electronic voting tool.
Karl-Heinz Streibich has announced that he will resign as Chairman of the Dürr AG Supervisory Board after the annual general meeting and leave the Supervisory Board. Mr. Streibich’s decision is due to the fact that he is standing as a candidate for the Supervisory Board of Software AG with a view to becoming its Chairman. This would mean Mr. Streibich would hold more than the maximum five supervisory board mandates recommended by the German Corporate Governance Code (chair counts double). For this reason, Mr. Streibich, who was CEO of Software AG between 2003 and 2018, has decided, after careful consideration, to resign from the Dürr AG Supervisory Board.
Gerhard Federer is standing as a candidate to become the next Supervisory Board Chairman of Dürr AG. He has been a member of the Supervisory Board since 2016 and is Chairman of the Audit Committee. The election will take place in the Supervisory Board following the annual general meeting.
Arnd Zinnhardt will be nominated for election as a new Supervisory Board member at the annual general meeting. As a former auditor and tax advisor and based on his long-term experience as CFO of a software company, Mr. Zinnhardt has outstanding expertise both in the financial and in the digital field.