SHW AG announced that effective 12 June 2018, Mr. Wolfgang Plasser will become the new Chief Executive Officer. He takes over this office from Dr. Ing. Frank Boshoff, who will step down with effect from the end of 12 June 2018 by mutual agreement with the Supervisory Board.

The decision has been resolved by the Supervisory Board of the Company. Mr. Plasser will take up his new position as CEO in addition to his current operating position as CEO of Pankl Racing Systems AG. Mr. Plasser resigned from his position on the Supervisory Board of SHW AG, to which he was recently elected by the Annual General Meeting on 8 May 2018.