Clariant's shareholders approve all agenda items at the Annual General Meeting
- Distribution of CHF 0.40 per share confirmed
- Annual Report and Group's Consolidated Financial Statements for fiscal year 2015 approved
- Shareholders approve Compensation Report 2015 on a consultative basis
- Eveline Saupper, Claudia Suessmuth Dyckerhoff, and Peter Steiner newly elected as members of the Board of Directors
Hariolf Kottmann, CEO, reconfirmed the mid-term target to achieve a position in the top tier of the specialty chemicals industry. "This corresponds to an EBITDA margin range of 16 % to 19 % before exceptional items, and a return on invested capital (ROIC) above the peer group average", said Hariolf Kottmann. "For 2016, in spite of the increasingly challenging economic environment, we are confident that we will achieve growth in local currencies, progression in EBITDA margin before exceptional items and improvements to operating cash flow."
At the Annual General Meeting, the Annual Report as well as the Group's Consolidated Financial Statements for the fiscal year 2015 were approved with 99.96 % of the votes. The 2015 Compensation Report was also approved on a consultative basis with 88.19 % of the votes. The members of the Board of Directors and the Executive Committee were discharged with 99.41 % of the votes. In addition, the Annual General Meeting approved the appropriation of the accumulated profit for 2015 with 99.94 % of the votes, as well as a distribution of the confirmed reserves from capital contributions of CHF 0.40 per share with 99.94 % of the votes.
Nominated by the Board of Directors, Eveline Saupper (57), a Swiss citizen, Claudia Suessmuth Dyckerhoff (49), a German citizen, and Peter Steiner (56), a German citizen, were elected as board members. Peter R. Isler has reached the statutory maximum age for board members and will therefore resign. All other members of the Board of Directors were reelected for one year by a large majority, as was the Chairman of the Board of Directors, Rudolf Wehrli. PricewaterhouseCoopers Ltd was confirmed as the statutory auditor for 2016.
The proposal for overall compensation of the Board of Directors for the term from the 2016 to the 2017 Annual General Meeting was approved with 98.85 % of the votes, as was the overall compensation of the Executive Committee for financial year 2017, with 90.15 % of the votes.
For reference:The speeches of Rudolf Wehrli, Chairman of the Board of Directors, and CEO Hariolf Kottmann along with pictures and CV's of Eveline Saupper, Claudia Suessmuth Dyckerhoff, and Peter Steiner are available on http://www.clariant.com/en/Investors/Events/Annual-General-Meetings.