Komax Holding AG announced Steiner will not be standing for re-election as Chairman of the Board of Directors at the next AGM on 8 May 2015. In addition, Hans Caspar von der Crone will be stepping down from the Board of Directors with effect from the end of this AGM. Instead the Board of Directors will propose to the AGM the election of Beat Kaelin - the current
CEO - as both member and Chairman. Matijas Meyer, currently Head of the Wire business unit, will become CEO of the Komax Group. Matijas Meyer will assume the chair of the Executive Committee on 11 May 2015.