2018
Shareholders accept all motions – New member of the Board of Directors elected
At the ordinary Annual General Meeting of Feintool International Holding AG on April 24, 2018, the shareholders approved the annual report and the annual accounts for 2017. The requested dividend distribution of CHF 2.00 per registered share was also approved. Furthermore, the shareholders created authorized capital amounting to 600,000 shares with the aim of exploiting developing market opportunities quickly.
Norbert Indlekofer is a new addition to the Board of Directors. He spent many years as a top manager at Schaeffler, a German supplier for the automotive and mechanical engineering industries, most recently as CEO Automotive at Schaeffler AG. A proven expert in the area of automotive drive trains, he is now a member of the board of directors and supervisory board at several international companies. Following on from the divestment of the entire shareholdings of Dr. Thomas Muhr and Muhr und Bender KG (Mubea) in Feintool International Holding AG, former Board of Directors members Dr. Thomas Muhr and Dr. Rolf-Dieter Kempis did not stand for re-election.
The posts of the other members of the Board of Directors were confirmed at the Annual General Meeting, including Alexander von Witzleben as President and Dr. Michael Soormann as Vice President.
Committees confirmed
The Compensation and Nomination Committee and the Audit Committee are composed of Dr. Michael Soormann (Chair) and Alexander von Witzleben. Thomas A. Erb, Heinz Loosli and Norbert Indlekofer complete the board.
Feintool in brief