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PRESS RELEASE: SinnerSchrader AG: SinnerSchrader AG Annual General Meeting reappoints the Supervisory Board

DGAP-News: SinnerSchrader AG / Key word(s): AGM/EGM/AGM/EGM SinnerSchrader AG: SinnerSchrader AG Annual General Meeting reappoints the Supervisory Board

29.01.2014 / 16:45

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The SinnerSchrader AG Supervisory Board was elected for another five years at today's Annual General Meeting. The Board remains unchanged, and is made up of Dieter Heyde, Prof. Cyrus D. Khazaeli and Philip W. Seitz.

The Annual General Meeting was held against the background of renewed dynamic growth in agency business. While the first two quarters of the 2012/2013 financial year were still characterised by weak growth, business in the agency group rallied significantly in the second half of the financial year.

This trend stabilised in the first quarter of the current financial year. As already reported on 15 January 2014, revenue rose by 18 per cent in comparison to the previous year, and the operating result (EBITA) increased by 181 per cent to 0.6 million euros.

At a statutory meeting at the end of the Annual General Meeting the Supervisory Board re-elected Dieter Heyde as its Chairman and confirmed Prof. Cyrus D. Khazaeli as Deputy Chairman.

Dieter Heyde was born in 1947 and has been a member of the Supervisory Board of SinnerSchrader AG since 2006. He was appointed Chairman in 2009. After completing an industrial apprenticeship with Siemens, Mr Heyde studied Business Management in Frankfurt am Main. In 1971 he founded a consulting firm for IT solutions in the logistics sector, and headed Heyde AG, most recently as Chairman of the Management Board, until the beginning of 2001. Dieter Heyde has been a Managing Partner of SALT Solutions GmbH since 2002.

Cyrus D. Khazaeli was born in 1962, and studied Visual Communication at the College of Fine Arts in Hamburg. After completing his studies he worked for various agencies as Art Director and Creative Director, and since 1995 he has published specialist books on design at the publishing firm Rowohlt Verlag. From 1997 to 2005 he was a lecturer in Media IT at Wedel University of Applied Sciences and in Media Didactics at Hamburg University. In addition to his main occupation as Professor for Communication and Interaction Design at Berlin Technical Academy of Art, Cyrus D. Khazaeli works as a freelance consultant and Creative Director in the field of new media. Mr Khazaeli has been a member of the SinnerSchrader AG Supervisory Board since 2007.

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PRESS RELEASE: SinnerSchrader AG: SinnerSchrader AG Annual General Meeting reappoints the Supervisory Board