SKW Stahl Metallurgie Holding AG announced that the local court in Traunstein has appointed Dr Friedrich Trautwein, Mr Titus Weinheimer and Dr Wolfgang Ziegler as new members of the Company's Supervisory Board. This means that the Supervisory Board of the Company again has its full number of members.

In its inaugural meeting, which was held immediately after the court appointment was received, the new Supervisory Board elected Mr Titus Weinheimer as its chairman and Dr Friedrich Trautwein as its deputy chairman.

Mr Ines Kolmsee CEO SKW Metallurgie said that "We are delighted that SKW Metallurgie's Supervisory Board once again is staffed with highly competent members. The new Supervisory Board has, in particular, expertise in the foreign markets that are of particular importance for our company and will thus further drive our international growth. At the same time we regret that the previous Supervisory Board was not able to achieve the majority needed for reelection, and we would like to expressly thank the previous Board members for their far reaching services for our Group."

The new Supervisory Board is staffed internationally, as the SKW Metallurgie Group generates the bulk of its revenues abroad, and as in particular the NAFTA region is responsible for more than 50% of consolidated revenues.