Dietmar Siemssen appointed new CEO of Gerresheimer AG

Duesseldorf (ots) -

- Querverweise: Ein Dokument liegt in der digitalen
Pressemappe zum Download vor und ist unter
http://www.presseportal.de/dokumente abrufbar -

- Dietmar Siemssen to assume as Chief Executive Officer on November
1, 2018
- Previously held position as Stabilus CEO
- Speaker of the Management Board and CFO Rainer Beaujean will not
extend contract after April 30, 2019

Dietmar Siemssen (55) will join the Management Board of
Gerresheimer AG as Chief Executive Officer on November 1, 2018. The
Supervisory Board of Gerresheimer AG approved the decision in its
meeting today. From 2011 to July 2018, Dietmar Siemssen was CEO of
Stabilus and prior to that served for 19 years in various senior
management positions at Continental in Germany and abroad, including
in Asia.

"By bringing Dietmar Siemssen on board, we have gained a seasoned
manager with international experience to lead Gerresheimer AG for
some time to come. He was instrumental in growing Stabilus' business
as well as successfully taking the company public and completing a
major acquisition. I am confident that, under his leadership,
Gerresheimer will continue on its current growth trajectory and
effectively execute the strategic expansion plans underway," explains
Dr. Axel Herberg, Chairman of the Supervisory Board of Gerresheimer
AG.

"Gerresheimer AG is a well-respected, internationally positioned
company. As a key partner to the pharmaceuticals, healthcare and
cosmetics industries the future holds great promise and a wealth of
opportunities. I am very optimistic as I look ahead to this exciting
new mission," adds Dietmar Siemssen.

Dietmar Siemssen joined international automotive supplier Stabilus
as CEO in 2011. Mr. Siemssen led the company out of the crisis and
put it on track for growth. Under his management, the company
transitioned from a component manufacturer into a systems supplier.
Its operations expanded internationally, particularly in North
America and Asia, and the portfolio was diversified beyond the
automotive industry. Thanks to the growth strategy he shaped, along
with a major acquisition, the company's revenue grew from around EUR
360m to just under EUR 1bn recently. He led the drive to convert
Stabilus into a European public company that has been listed on the
SDAX since 2014. Its share price has quadrupled since its first
trading day.

After completing his university studies, Dietmar Siemssen worked
in various management positions at Continental from 1994 to 2011,
ultimately as head of a joint venture between Continental and
Nisshimbo in Yokohama, Japan, and as head of the Chassis and Safety
division in Asia. Dietmar Siemssen's studies included a time at
Technical University of Darmstadt, where he gained a diploma in
industrial engineering specializing in mechanical engineering. He is
married with two children and enjoys doing endurance sports.

Speaker of the Management Board and CFO Rainer Beaujean has
informed the Supervisory Board that he will not serve the additional
three-year term of office offered to him by the Supervisory Board.

"I did not accept the Supervisory Board's offer to extend my
contract for another three years," states Rainer Beaujean.
"Gerresheimer's positioning is excellent, and the major strategic
direction of the company has been set. After six years as
Gerresheimer CFO, the last seven months of which I spent as Speaker
of the Management Board, I have decided to take on new professional
challenges. It goes without saying that I will fulfill all
obligations under my contract until the end of April."

Supervisory Board Chairman Dr. Axel Herberg comments: "We regret
Mr. Beaujean's decision, but we respect the choice he has made. Many
thanks to Mr. Beaujean for his outstanding service over the past six
years. In addition to his role as CFO, he accepted the position of
Speaker of the Management Board in February of this year after the
surprising departure of the then-CEO. The acquisition of Sensile
Medical occurred during this time, a smart strategic move that will
allow the company to move forward."

Contact:
Jens Kürten
Group Senior Director Communication & Marketing
Phone +49 211 6181-250
Telefax +49 211 6181-241
E-Mail j.kuerten@gerresheimer.com
Internet www.gerresheimer.com

Original-Content von: Gerresheimer AG, übermittelt durch news aktuell