Kendrion shareholders appoint Erwin Doll as Supervisory Board member
Mr. Erwin Doll was appointed to the Supervisory Board of Kendrion for a period of four years. Erwin Doll is an experienced international business executive with broad automotive and industrial experience.
Mrs. Marion Mestrom was re-appointed to the Supervisory Board of Kendrion for a period of four years.
As a precautionary measure to preserve Kendrion’s cash position in light of the COVID-19 pandemic, Kendrion did not submit a dividend distribution proposal to the general meeting of shareholders. The total net profit for the financial year 2019 in the aggregate amount of EUR 7.9 million was added to the other reserves.
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Profile of Kendrion N.V.
Kendrion develops, manufactures and markets high-quality electromagnetic systems and components for industrial and automotive applications. For over a century, we have been engineering precision parts for the world's leading innovators in passenger cars, commercial vehicles and industrial applications. As a leading technology pioneer, Kendrion invents, designs and manufactures complex components and customised systems as well as local solutions on demand.
We are committed to the engineering challenges of tomorrow, and taking responsibility for how we source, manufacture and conduct business is embedded into our culture of innovation. Rooted in Germany, headquartered in the Netherlands and listed on the Amsterdam stock exchange, Kendrion's expertise extends across Europe, to the Americas and Asia. Created with passion and engineered with precision.
Amsterdam, 24 June 2020
The Executive Board
For more information, please contact:
Mr. Joep van Beurden
Chief Executive Officer
Tel: +31 85 073 1504
PRESS RELEASE: KENDRION SHAREHOLDERS APPOINT ERWIN DOLL AS SUPERVISORY BOARD MEMBER