AMG Advanced Metallurgical Group N.V. Announces Management Changes
March 07, 2018 at 12:01 pm EST
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AMG Advanced Metallurgical Group N.V. announced that at the Annual General Meeting to be held in May 2018, Mr. Norbert Quinkert and Mr. Guy de Selliers will have both served eleven years on the Supervisory Board of AMG when their current terms end. Both have indicated that they wish to retire from the Supervisory Board in May 2018, given other priorities and the term limits for Supervisory Directors of the new Code. Mr. Robert Meuter has also indicated that he wishes to step down at the AGM 2018 after having served three years. Mr. Meuter feels that his mandate has ended and wishes to prioritize other engagements. The Supervisory Board respects and accepts Mr. Meuter's decision and thanks him for his valuable insights and contributions and wishes him well in his future endeavors. Mr. Meuter will continue to advise the company on specific banking & finance matters in the forthcoming year, if so requested. AMG announced that the Supervisory Board has appointed Mr. Jack Messman, currently Vice-Chairman, as successor to Mr. Quinkert as Chairman of the Supervisory Board as of May 2, 2018 after the AGM. Mr. Messman's term as member of the Supervisory Board ends in 2019. The Supervisory Board has further resolved to appoint Mr. Willem van Hassel as Vice-Chairman, as of May 2nd, 2018 after the AGM, succeeding Mr. Messman. Mr. van Hassel's term as member of the Supervisory Board ends in 2021.
AMG Critical Materials N.V. specializes in the fabrication of specialty metals and vacuum furnace systems for the aerospace, electronics, optical, chemical, construction, and transportation industries. Net sales break down by family of products as follows:
- metals and advanced materials (58.6%): aluminum alloys, magnesium alloys, silicon metal, chromium metal, tantalum oxides, titanium, vanadium chemical products, aluminum powders, coatings, etc.;
- vacuum furnace systems (41.4%): injection furnaces, casting furnaces, crystallization furnaces, carburizing furnaces, etc. The group also offers vacuum heat-treating services.
Net sales are distributed geographically as follows: the Netherlands (1%), United States (27.7%), China (26%), Germany (8.6%), France (5.2%), Brazil (3.6%), United Kingdom ( 3.5%), Italy (2.9%), Japan (2.8%), Canada (2.7%), India (2.4%), Thailand (1.6%), Mexico (1.4%), Austria (1. 3%), and others (9.3%).
AMG CRITICAL MATERIALS N.V. 
