At today’s meeting, the Supervisory Board appointed Dr. Gerd Schubert (56) Chief Operations Officer and Chief Technology Officer of the Management Board of RHI AG for a period of five years with effect from January 1, 2017. Before joining RHI, Dr. Schubert held international management positions in operations as well as research and development at Ferro Corporation. Having extensive experience in the management of complex transformations, he will support the Management Board team in the course of the planned combination of RHI and Magnesita. Mr. Franz Buxbaum will resign from the Management Board of RHI AG by mutual agreement.