AMSTERDAM, Netherlands, May 14, 2015 (GLOBE NEWSWIRE) -- (Regulated Information) -- AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") is pleased to announce that during its Annual General Meeting held in Amsterdam on May 7, 2015, Dr. Heinz Schimmelbusch was re-appointed as Chief Executive Officer (CEO) and Chairman of the Management Board for a term of 4 years, with effect from May 7, 2015.
As announced during the Annual General Meeting, it is the intention that Dr. Schimmelbusch will not serve the full 4 year term. The Supervisory Board and Dr. Schimmelbusch are working towards an orderly CEO succession, with the intention of completing the succession process by the Annual General Meeting in 2017. A search firm has been instructed.
The Supervisory Board also re-appointed Professor Steve Hanke as a member of the Supervisory Board for a term of 4 years beginning May 7, 2015.
Two additional appointments to the Supervisory Board were made at the Annual General Meeting. AMG is pleased to announce that Mr. Robert Meuter and Mr. Petteri Soininen were appointed as members of the Supervisory Board effective May 7, 2015, both for terms of 4 years.
The full results of the Annual General Meeting can be found on AMG's corporate website (www.amg-nv.com).
AMG is a global critical materials company at the forefront of CO2 reduction trends. AMG produces highly engineered specialty metals and mineral products and provides related vacuum furnace systems and services to the transportation, infrastructure, energy, and specialty metals & chemicals end markets.
AMG Critical Materials produces aluminum master alloys and powders, titanium alloys and coatings, ferrovanadium, natural graphite, chromium metal, antimony, tantalum, niobium and silicon metal. AMG Engineering designs, engineers, and produces advanced vacuum furnace systems and operates vacuum heat treatment facilities, primarily for the transportation and energy industries.
With approximately 3,000 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, Czech Republic, the United States, China, Mexico, Brazil and Sri Lanka, and has sales and customer service offices in Russia and Japan (www.amg-nv.com).
For further information, please contact:
AMG Advanced Metallurgical Group N.V.
Steve Daniels +1 610 293 5804
Vice President of Investor Relations
Certain statements in this press release are not historical facts and are "forward looking." Forward looking statements include statements concerning AMG's plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG's competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG's business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information. When used in this press release, the words "expects," "believes," "anticipates," "plans," "may," "will," "should," and similar expressions, and the negatives thereof, are intended to identify forward looking statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward-looking statements will not be achieved. These forward-looking statements speak only as of the date of this press release. AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in AMG's expectations with regard thereto or any change in events, conditions, or circumstances on which any forward-looking statement is based.
May 14 2015 http://hugin.info/138060/R/1921537/688720.pdf
Source:AMG Advanced Metallurgical Group N.V.