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Jürgen Abromeit resigns from office as Chairman of the Board of INDUS Holding AG as of 30 June 2018

Bergisch Gladbach, 23 March 2018

 

The Supervisory Board and the CEO of INDUS Holding AG today announced that Jürgen Abromeit will not renew his contract as Chairman of the Management Board beyond 31 December 2018 and will resign from his position as Chairman of the Board on 30 June 2018. Dr. Johannes Schmidt, Member of the INDUS Board since 2006, is designated to succeed him in the role of Chairman of the Board.

 

Helmut Späth, Chairman of the Supervisory Board of the INDUS Group, commented: “The Supervisory Board greatly regrets that Jürgen Abromeit has rejected our offer to extend his contract for a further five years. We accept his decision and expressly thank him for the extremely successful and trusting cooperation.” For INDUS as a company, 2017 is the fifth record-breaking year in a row in terms of sales and earnings.

 

“It is a perfect time to hand over the baton after ten wonderful, busy years on the INDUS board – of which six as Chairman – and to start something completely new in 2019,“ explained Jürgen Abromeit. “I am leaving in the knowledge that INDUS is excellently positioned for the next stage of development with Dr. Johannes Schmidt, long-time Member of the Board, Rudolf Weichert and Axel Meyer to shape the future.”

 

Jürgen Abromeit will be fully committed to a smooth transition of business over the next few months until the end of the year and will also remain close to INDUS thereafter.