DGAP-News: Progress-Werk Oberkirch AG: PWO Supervisory Board extends the contract of Johannes Obrecht

Oberkirch, October 8, 2018 - At its most recent meeting, the Supervisory Board of Progress-Werk Oberkirch AG extended the contract of Johannes Obrecht for another five years and appointed him as a full member of the Management Board. As a result, Johannes Obrecht is now appointed as a member of the Management Board until June 30, 2024 and will continue to be responsible for Production and Materials Management.

"In the global automotive industry, the PWO brand stands for the worldwide availability of our entire product range - everywhere and at all times with consistently high delivery reliability and quality. Under the leadership of Johannes Obrecht, we underscored this capability once again with the current production ramp-ups of new instrument panel carriers. We look forward to further shaping PWO's future with him," said Karl M. Schmidhuber, Chairman of the Supervisory Board of Progress-Werk Oberkirch AG.

Johannes Obrecht has been a deputy member of the PWO AG Management Board since July 1, 2016. His current contract expires on June 30, 2019.

Progress-Werk Oberkirch AG
The Management Board

PWO company profile
PWO is a partner to the global automotive industry for the development and production of advanced metal components and subsystems using lightweight construction. The Group has developed a unique knowledge in the forming and joining of metals over the course of its almost 100-year history since it was founded in 1919. With our expertise in cost-efficient lightweight construction, we contribute to environmentally friendly driving and greater distances.

All of the Group's more than 1,000 products contribute to automotive comfort and safety. More than 90 percent of revenue is independent of the vehicle's type of drivetrain. Approximately 3,400 employees on three continents at five production sites and four assembly plants ensure the highest level of delivery reliability and quality.