KAP AG: CHANGE IN THE SUPERVISORYBOARD
Fulda, February 1, 2019 – KAP AG, a listed medium-sized industrial group, announces that Pavlin Kumchev is resigning from the Supervisory Board effective 28 February 2019 due to a professional change. The Supervisory Board and Management Board would like to thank Pavlin Kumchev for his engaged work on the Supervisory Board and his valuable impulses for the further development of the industrial group.
The Supervisory Board therefore currently consists of four members. The quorum is guaranteed until the election of a new Supervisory Board at the next Annual General Meeting.
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About KAP AG
KAP AG is a medium-sized industrial group with around 3,300 employees. In the segments of engineered products, flexible films, it/services, surface technologies and precision components, we develop innovative industrial products and technological solutions for international industrial and commercial enterprises. With our long-term strategy, we occupy attractive market niches with long-term growth potential or in which we have a very strong market position. Our focus lies in the establishment and development of high-margin industrial segments into highly specialised market leaders. Within the context of succession arrangements, we also acquire medium-sized companies with excellent market positions as a reliable partner to strengthen our segments or build additional segments. Our shareholders benefit from our growth trajectory by means of our profit-oriented dividend policy with an attractive payout level.