ElringKlinger AG Maintains Dividend, Proposes New Supervisory Board Members

On March 26, 2024, ElringKlinger AG announced its decision to maintain its dividend payment unchanged at EUR 0.15 per share for the financial year 2023. The proposal was endorsed by the Supervisory Board, highlighting a commitment to ensuring shareholders benefit from the company's performance while maintaining a balanced approach to dividend payouts. The Annual General Meeting, scheduled for May 16, 2024, will be held in a virtual format.

In tandem with the dividend announcement, ElringKlinger AG disclosed changes to its Supervisory Board. Ludger Heuberg has been nominated to join the board, bringing extensive financial expertise and experience in the automotive sector from previous CFO roles across several large companies. This nomination comes as the current Chairman of the Supervisory Board, Klaus Eberhardt, prepares to step down following the upcoming Annual General Meeting. Additionally, Helmut P. Merch has been recommended as the new Chairman of the Supervisory Board, having been part of it since July 2020 and bringing a wealth of experience from his managerial roles at the Rheinmetall Group.