The 90th annual general meeting of Koenig & Bauer AG (KBA) was held at the Vogel Convention Center (VCC) in Würzburg and was chaired by Supervisory Board Chairman, Dr. Martin Hoyos. The agenda of the AGM was focused on the current status of the restructuring programme Fit@All, the shareholders’ decision regarding the proposed change to the group’s legal and management structure and personnel changes on the shareholder’s side to the supervisory board. The Company’s figures for 2014 and the first quarter of 2015 were also discussed.
While addressing to the shareholders, KBA president and CEO Claus Bolza-Schünemann emphasized the advantages of a de-central company structure. This stipulates converting the parent Koenig & Bauer AG into a management holding after spinning-off four operating subsidiaries for the business fields digital & web (KBA-Digital & Web Solutions), sheetfed (KBA-Sheetfed Solutions), security press activities (KBA-NotaSys) and production (KBA-Industrial Solutions).
A large majority of the shareholders agreed with the management board’s proposal. The Company has not announced any dividend for 2014 but forecast better earnings for 2015. In order to reach its mid-term goals the world’s second-largest press manufacturer also aims to broaden its product spectrum for growth markets, such as digital and packaging printing. New supervisory board members were also appointed the meeting.