Public disclosure of inside information pursuant to Article 17 of EU Regulation No. 596/2014 (ad hoc announcement)
Weimar, 3 December 2021 – Following its meeting today, the Supervisory Board of IBU-tec advanced materials AG („IBU-tec”, ISIN: DE000A0XYHT5) will extend the Executive Board appointment of Jörg Leinenbach (51 years old) by a further five years until 31 December 2026. Leinenbach will lead the company as Co-CEO from the beginning of 2022 alongside company founder and majority shareholder Ulrich Weitz (age 62). The focus for the coming year will be on implementing the IBU2025 corporate strategy. Furthermore, the Supervisory Board will extend Weitz’s Executive Board appointment until the end of the Annual General Meeting in 2023. At this Annual General Meeting, Weitz intends to stand for election to the Supervisory Board. Leinenbach is then to become Chief Executive Officer (CEO).
EXPLANATORY NOTES
With the appointment of Jörg Leinenbach as Co-CEO, IBU-tec is positioning itself for long-term growth as part of the IBU2025 strategy. In the past years, Leinenbach has already acted as CFO of IBU-tec. As the future Co-CEO, he will continue to manage financial matters in addition to being responsible for the strategic growth of the Group together with Weitz. As CSO, Dr. Arndt Schlosser (50 years old) will continue to be responsible for Sales and Technology as well as Business Development. Dr. Schlosser will focus on IBU-tec’s dynamically growing battery business and is slated to take over the management of the subsidiary BNT Chemicals GmbH from Mr. Weitz.
Ulrich Weitz: “I am greatly pleased that Jörg Leinenbach, Dr. Arndt Schlosser and myself will continue our synergistic, trusting and productive cooperation in the future. We are creating a future-oriented personnel structure with which IBU-tec will be well positioned for the next stages of corporate development. Long term, I shall continue to play a very active role in shaping this process and the strategy of IBU-tec as an organ of the company and major shareholder.”
About IBU-tec
The IBU-tec Group develops and produces innovative materials of the highest quality for industry. It combines unique, partly patent-protected technology of thermal process engineering with the process and material know-how of circa 250 highly qualified employees.
Its own products include LFP battery material, which is an important component of batteries for electromobility and stationary energy storage, as well as solutions for air purification, resource conservation or the reduction of plastic packaging. IBU-tec is thus positioned in the long term for global megatrends – especially climate and environmental protection – and has an international customer base ranging from innovative medium-sized companies to global corporations.
Further information can be found at www.ibu-tec.de.
Contact
IBU-tec advanced materials AG
Dr. Stefan Steck
Public & Investor Relations
T +49 3643 8649-51
IR(at)ibu-tec.de
www.ibu-tec.de
Financial and Business Press
edicto GmbH
Axel Mühlhaus
Eschersheimer Landstraße 42-44
60322 Frankfurt
T +49 69 905505-52
E-Mail: IBU-tec(at)edicto.de