Leoni has appointed president and CEO, Klaus Probst as chairman after a vote by shareholders at the company’s Annual General Meeting.
“I am pleased by the trust shareholders at the Annual General Meeting placed in me,” said Probst. “My objective as chairman of the Supervisory Board is, together with the Board’s other members as well as in close and trusting collaboration with the Board of Directors, to oversee and foster Leoni’s positive development.
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“A particular concern of mine is to ensure the Group’s growth and sustained profitability by means of suitable strategic and operational measures.”
With a large majority, shareholders at the Annual General Meeting also voted in favour of the proposal by the Board of Directors and the Supervisory Board to pay a dividend of EUR0.50 per share. Leoni will therefore disburse a total amount of EUR16.3m.
This week (10 May) Leoni said it increased consolidated sales by around 11% year on year to EUR1.21bn (US$1.31bn) in the first three months of 2017.
The company cited the “good order situation in both divisions and the unabatedly heavy demand from the global motor vehicle industry” for the rise.
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