Schmolz + Bickenbach AG announces changes to the Board of Directors

Schmolz + Bickenbach AG, a global leader in special long steel, today announced the nominations for election to its Board of Directors. At the Annual General Meeting on April 30, 2019, Jens Alder, Alexey Moskov and Adrian Widmer are proposed as new members of the Board of Directors. Jens Alder is also nominated as the new Chairman. Edwin Eichler, the current Chairman, and Marco Musetti will not stand for reelection.

Jens Alder will be nominated as Chairman of the Board of Directors as Edwin Eichler will leave the Board of Directors at the 2019 Annual General Meeting. Alexey Moskov will be proposed as new member of the Board of Directors and will represent the major shareholder Liwet Holding AG. The election of Adrian Widmer as an independent member is intended to add one member to the Board of Directors. The current members Michael Büchter, Martin Haefner, Isabel Corinna Knauf and Dr. Oliver Thum are standing for reelection.

Jens Alder (1957), Swiss citizen, is Executive Chairman of Alpiq Holding Ltd. in Lausanne, Switzerland, since 2019, and Chairman of the Board of Directors of the company since 2015. Between 2009 and 2018, he was a Board member of several companies, including CA, Inc., New York, USA, from which positions he largely resigned after joining Alpiq. Over the past decade, Jens Alder has served as Chairman of various companies including Goldbach Group AG, Küsnacht, Switzerland, Sanitas Health Insurances, Zurich, Switzerland, BG Ingénieurs Conseils, Lausanne, Switzerland, and Industrielle Werke Basel, Switzerland. From 2006 to 2008 he was CEO of TDC A/S in Copenhagen, Denmark. From 1999 to 2006, he was CEO of Swisscom AG, based in Berne, Switzerland. Jens Alder previously held management positions at Swisscom, Alcatel Switzerland, Motor-Columbus, Alcatel STR, and Standard Telephon & Radio. Jens Alder holds a Master of Science (MSc) in Electrical Engineering from ETH Zurich, Switzerland, and a Master of Business Administration (MBA) from INSEAD, Fontainebleau, France.

Alexey Moskov (1971), a Cypriot citizen, is the owner and executive Chairman of Witel AG in Zurich, Switzerland, since 2018. He also serves as Vice Chairman of the Board of Directors of PJSC T+ and as a member of the Board of Directors of OC Oerlikon. Previously, he was COO of Renova Management in Zurich, Switzerland, from 2004 to 2018. Between 1994 and 2004, Alexey Moskov held various management positions, including Vice President and Member of the Executive Board of Tyumen Oil Company. Alexey Moskov owns a Master's degree in Engineering and Development from Moscow State Railway University (Department of Technical Cybernetics), Moscow, Russia.

Adrian Widmer (1968), Swiss citizen, is Group CFO of Sika AG, a global Specialty Chemicals Company based in Baar, Switzerland, since 2014. He previously held the position of Head Group Controlling and M&A at Sika between 2007 and 2014. Between 1995 and 2007, Adrian Widmer held various management positions at BASF, Degussa Construction Chemicals (Switzerland) and Textron in the US, the UK and Switzerland. He holds a Master of Arts (M.A.) degree in economics from the University of Zurich, Switzerland, and has completed the Advanced Management Program of INSEAD Fontainebleau, France.

The Board of Directors is pleased to propose to the Annual General Meeting three top-class executives as its new members. Jens Alder as well as Alexey Moskov and Adrian Widmer have many years of international management experience and the highest level of expertise. Jens Alder also has broad and successful experience as Chairman of the Boards of Directors of large companies. As dedicated and distinguished personalities, the new members ideally complement the Board of Directors. At the same time, the Board of Directors would like to thank its outgoing Chairman Edwin Eichler and Marco Musetti for their great commitment and services to the company.

Source: Schmolz + Bickenbach, Photo: Fotolia