05/17/2018 | Press release | Distributed by Public on 05/17/2018 07:42
Rita Forst studied mechanical engineering and is an expert in the field of drive and vehicle technology. She also has many years of experience both as a member of the Management Board and in various management positions in globally operating automotive companies. Her international experience and above all her technical expertise in research and development at a leading global automotive company are of particular benefit to her membership on the Supervisory Board of NORMA Group SE.
'We are delighted that NORMA Group has been able to add Rita Forst to the Supervisory Board. Mrs. Forst brings valuable expertise in the technological areas vital for NORMA Group,' said Lars Magnus Berg, Chairman of the Supervisory Board of NORMA Group SE. 'We are proud to welcome such a top-class expert of international standing to the Supervisory Board of NORMA Group SE and look forward to the future exchange.'
Mrs. Forst succeeds Dr. Christoph Schug, who left the Supervisory Board of NORMA Group SE with effect from the close of the Annual General Meeting on May 17, 2018. 'All members of the Supervisory Board of NORMA Group SE would like to express their thanks to Dr. Schug and Dr. Wolf for their many years of commitment and trusting cooperation. We have always maintained a good and constructive exchange with both members on a professional and personal level. The entire Group wishes Dr. Schug and Dr. Wolf all the best and every success in their further projects,' said Lars Magnus Berg.
NORMA Group SE increases dividend for the sixth time in a row
The shareholders of NORMA Group SE have approved a dividend of EUR 1.05 per share by a large majority (2016: EUR 0.95 per share). This equates to a payout of around EUR 33.5 million and a payout ratio of 31.9 percent of adjusted Group earnings in fiscal year 2017. The company has increased its dividend every year since its IPO in 2011 and is adhering to a sustainable dividend policy that provides for a payout ratio of 30 to 35 percent of adjusted Group earnings.
The voting results and further information on the Annual General Meeting can be found on the Investor Relations website: https://investors.normagroup.com/en/agm.