Dr. Bernhard Walter, Chairman of the Supervisory Board at Bilfinger SE, has notified the acting Supervisory Board and Executive Board that he will relinquish his Supervisory Board mandate earlier than previously announced, namely on November 4, 2014.
In the course of the recent increase in its stake to 25.6 percent, major shareholder Cevian had demanded a second seat on the Supervisory Board. Bernhard Walter emphasized that, in the interests of the company, he has decided to resign to allow for the appointment of a further representative of the financial investor by court order.
Bernhard Walter has been a Member of the Supervisory Board at Bilfinger since 1998, he became Chairman of the committee in 2006. Bilfinger would like to thank Bernhard Walter for his tremendous dedication to the development of the company. Particularly during his term as Chairman of the Supervisory Board, he strongly promoted the strategic realignment of the Group.