Dr. Wolfgang Krause, CEO of SHW AG, will leave the company by mutual consent by the end of the month. This was agreed upon by the supervisory board and the CEO. Dr. Krause has been the chairman of the company's management board since 2008 and, following the listing of the company in July 2011, the company's CEO.

Mr. Andreas Rydzewski, who has been a member of the company's management board for many years, will act as interim CEO until Dr. Krause's successor takes office.