Dr Kay Mayland president & CEO of SMS Siemag AG and member of the managing board of SMS Holding GmbH will as planned retire on the expiry of his contract on December 31st 2011 and take a seat on the supervisory board of SMS Siemag AG.

As per January 1st 2012, Mr Burkhard Dahmen member of the managing board of Steelmaking Plants Continuous Casting Technology of SMS Siemag AG, will take on the role of president & CEO of SMS Siemag AG and will simultaneously become a board member of SMS Holding GmbH.

His successor on the board of SMS Siemag AG is Dr Guido Kleinschmidt, who is currently a management member of the Steelmaking Plants Continuous Casting Technology Division of SMS Siemag AG.