DGAP-News: Balda AG: Supervisory Board Chairman Dr. Michael Naschke announces his resignation at the beginning of the extraordinary General Meeting


DGAP-News: Balda AG / Schlagwort(e): Hauptversammlung

Balda AG: Supervisory Board Chairman Dr. Michael Naschke announces his

resignation at the beginning of the extraordinary General Meeting

04.09.2013 / 16:39


Naschke: ‚My decision aims to ensure a fair balance of interests for the

Supervisory Board appointment process‘

Berlin/Bad Oeynhausen, 4 September 2013 – Just prior to the company’s

extraordinary General Meeting in Berlin today, Balda AG Supervisory Board

Chairman Dr. Michael Naschke has announced his resignation as Chairman,

effective at the close of today’s meeting. The sole agenda item for the

extraordinary General Meeting, which was convened by shareholder Elector

GmbH (Balda capital held: 29.9%), is the appointment of new members of the

Supervisory Board.

Dr. Naschke explains the rationale of his decision:

‚For well over eight months now, Balda has been the subject of a

confrontation concerning Supervisory Board appointments that was initiated

by the shareholder Elector. For my own part, I remain convinced that

Elector’s attempt to appoint its own candidates to the majority or even all

of the positions in this body does not serve the principles of good

corporate governance. My opinion is also one held by all national or

international voting representatives and shareholder associations.

Prolongation of this conflict would continue to damage Balda AG, however.

It goes without saying that it is in the interests of the company, its

employees and its customers to finally achieve a fair balance of interests

that places the well-being of Balda above partisanship. My decision is

intended to help achieve this objective and establish a situation where all

of the key shareholder groups are adequately represented on the Supervisory


I thank the Management Board and my colleagues on the Supervisory Board for

their positive and loyal teamwork. I am resigning as Chairman in the firm

belief that both our corporate strategy and business operations are on the

right track.


Frank Elsner

Frank Elsner Kommunikation für Unternehmen GmbH

Tel.: +49 – 54 04 – 91 92 0

Fax: +49 – 54 04 – 91 92 29

Mail: office@elsner-kommunikation.de

About Balda

Balda is a provider of first-class solutions for demanding, high-quality

applications in the fields of medical technology, optics, the automotive

industry and other specialist industrial sectors. The Group’s Balda Medical

and Balda Technical operating divisions have operations worldwide, and the

company maintains production facilities in Germany and the USA. The success

of Balda, which employs around 1,000 people, is based on the deployment of

leading-edge, cost-effective technologies, coupled with the trust-based

collaboration with customers. The Balda AG share (ISIN: DE0005215107) is

listed on the SDAX segment of Deutsche Börse. The financial year ends on 30




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Sprache: Deutsch

Unternehmen: Balda AG

Bergkirchener Str. 228

32549 Bad Oeynhausen


Telefon: +49 (0) 57 34 / 9 22-0

Fax: +49 (0) 57 34 / 9 22-2604

E-Mail: info@Balda.de

Internet: www.balda.de

ISIN: DE0005215107

WKN: 521510

Börsen: Regulierter Markt in Frankfurt (Prime Standard);

Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,

München, Stuttgart

Ende der Mitteilung DGAP News-Service


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