Board of Directors
The Board of Directors at Feintool International Holding AG currently comprises five members. At its first meeting following the annual general meeting, the Board of Directors meets to elect a Deputy Chairman, the members of the Audit Committee and also appoints the Secretary, who is not required to be a member of the Board of Directors.
At this time there is no Secretary in office. The relevant tasks are being undertaken by the members of the Board of Directors. The Board of Directors meets as often as business requires, but no less than four times per year.
Alexander von Witzleben was elected as Chairman of the Board of Directors at the AGM. Dr. Michael Soormann was elected Deputy Chairman. The terms of office for the Chairman and Deputy Chairman correspond to their terms as members of the Board of Directors unless a resolution to the contrary is approved by the Board of Directors. In accordance with Article 14 of the Articles of Incorporation, the term of office for members of the Board of Directors is one year. One year in office is defined as the period from one annual general meeting to the next.
Members of the Board of Directors are indefinitely eligible for reappointment. The Board of Directors should comprise individuals with business experience and an entrepreneurial mindset. The criteria for new elections to the Board of Directors are determined by the Compensation Committee. It prepares the selection of candidates in accordance with the list of criteria that has been drawn up. There is no age limit for members of the Board of Directors.
Additional information about the members of the Board of Directors and its working methods can be found in the Corporate Governance section of our most recent annual report.