From the Sector

The CEO of SGL Carbon SE, Dr. Torsten Derr, informed the Chairman of the Supervisory Board today that he will not extend his contract, which expires on May 31, 2025. Dr. Derr will continue his duties until the new CEO is appointed, at the latest until May 31, 2025.

“SGL Carbon is once again a strong and stable company whose profitable development I will continue to work on with all my strength until the last day. But even without me, my colleague on the Board of Management, Thomas Dippold, and the team will continue to develop the company successfully. The last almost four years have always been the achievement of the entire SGL team. SGL Carbon is now sailing in stable waters and my transformation work will therefore be completed shortly,” explains Dr. Torsten Derr.

“We are grateful to Dr. Derr for talking to us early on and in a spirit of trust. This will allow us to take our time in arranging his succession. SGL Carbon can look back on three successful financial years, is financially strong and relies on a broad-based management team that continues to drive forward the expansion of the business in strong growth markets. In our appreciative discussions, Dr. Derr has promised to complete all important projects with his usual commitment until the handover of the CEO position,” says Prof. Dr. Frank Richter.

The Supervisory Board will immediately begin the search for a successor to Dr. Torsten Derr.

• Thomas Dippold succeeding Dr. Michael Majerus as CFO

During its meeting on August 17, 2020, the Supervisory Board of SGL Carbon SE decided to appoint Thomas Dippold (48) as CFO and member of the Board of Management of SGL Carbon SE effective December 1, 2020 with a tenure of five years. Thomas Dippold will succeed the long-standing CFO Dr. Michael Majerus, who will resign from his office as of November 30, 2020 by mutual amicable consent.

Thomas Dippold (German Diploma in Business Administration, MBA in USA) began his career at HSBC Bank in London and Düsseldorf. Further appointments led him to Schott AG amongst others in Singapore, followed by commercial management jobs and CFO positions in internationally active industrial companies headquartered in Germany. Mr. Dippold is currently CFO of the stock listed transportation technology company Schaltbau Holding AG.

The Chairwoman of the Supervisory Board of SGL Carbon SE, Mrs. Susanne Klatten, welcomes Mr. Dippold: “With the appointment of Mr. Dippold, we are pleased to have gained a convincing and highly respected personality in his field. We are convinced that Mr. Dippold possesses key qualifications to sustainably support SGL Carbon SE in its upcoming tasks given his comprehensive and long-standing experience as CFO.“

The Supervisory Board thanks Dr. Majerus very much for his great achievements in the interest of SGL Carbon. In the past six years, Dr. Majerus has stabilized the Company even in difficult times with several major capital market transactions and has meaningfully contributed to the strategic realignment of the Company with the successful divestment of the graphite electrode and cathode businesses. For nine months up to and including May 2020, Dr. Majerus additionally assumed nearly all responsibilities from the recently departed CEO and provided leadership to the Company as the Speaker of the Board of Management. In this position, he safely steered the Company through the immediate impacts of the Corona pandemic. In addition, he developed substantial future growth perspectives with, amongst others, the conclusion of a large supply agreement for fuel cell components. The Supervisory Board wishes him all the best and further success in his future endeavors.