06/15/2013

RHI AG - Change in Management Board

Changes in the Management Board

RHI AG announces that the Management Board members Giorgio Cappelli, CSO (Chief Sales Officer) Steel Division, and Manfred Hödl, CSO Industrial Division and CTO (Chief Technical Officer), will resign from the Management Board of RHI AG by mutual consent at the end of June 30, 2013. They will, however, be available to the company in the future in an advisory capacity.

At an extraordinary Supervisory Board meeting on June 12, 2013, the nomination committee of the Supervisory Board of RHI AG will propose to appoint Reinhold Steiner to the Management Board as Chief Sales Officer Steel Division and Franz Buxbaum as Chief Operations Officer with effect from July 1, 2013. The function of the Chief Sales Officer Industrial Division will be taken over by CEO Struzl.

Franz Buxbaum, 57, completed his studies of technical physics at the Graz University of Technology and then worked for Steyr-Daimler-Puch AG, Böhler Ges.m.b.H. and Tyrolit Schleifmittelwerke. In 1997 he joined RHI AG and held management positions in research and production. Mr. Buxbaum has been Chief Operations Officer at RHI AG since 2012.

Reinhold Steiner, 48, studied petroleum engineering at the University of Leoben, then joined the Voestalpine Group and held several management positions in the Middle East and Austria. In the year 2012, Mr. Steiner joined the RHI Group and assumed the function of the divisional manager of the sales
region CIS in the Steel Division.

Source: RHI AG