\ BAUER Aktiengesellschaft: BAUER AG expands Management Board with family member
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BAUER Aktiengesellschaft: BAUER AG expands Management Board with family member

December 07, 2017 --

DGAP-News: BAUER Aktiengesellschaft / Key word(s): Change of Personnel

07.12.2017 / 14:56
The issuer is solely responsible for the content of this announcement.

Schrobenhausen - In today's meeting the Management Board and Supervisory Board of the international construction and machinery manufacturing concern decided to expand the Management Board of BAUER Aktiengesellschaft. With Florian Bauer, the Management Board will be complemented by a member of the founding family as of January 1, 2018.

Florian Bauer studied civil engineering and has worked at the company since 2011. He began working as a project engineer at BAUER Spezialtiefbau GmbH, was then responsible for several large projects in Malaysia and partly managed the subsidiary in Singapore. Florian Bauer has been a Managing Director of BAUER Spezialtiefbau GmbH since 2015 and is responsible for the Technical Division and the competence areas "Digital building", innovation as well as research and development.

Florian Bauer will take over the functions of digitalization, development coordination, training and corporate culture on the Management Board but will remain a Managing Director for BAUER Spezialtiefbau GmbH and a portion of his task areas there remain unchanged. There are no changes to the functions of the other members of the Management Board of BAUER AG.

The topic of digitalization is always growing in priority in the BAUER Group. An important driving force for digitalization in construction is for instance Building Information Modeling (BIM). This trend will also continue to grow in mechanical engineering and influence many of the business processes. In order to promote a unified strategy throughout all parts of the company, the function has now been installed at BAUER AG under Florian Bauer, who was already responsible for implementation of the concept "Digital building" in the Construction segment.

"Digitalization plays an ever more important role at Bauer, therefore it is even more important to have all Group units pull together and turn these chances into a common success," said Florian Bauer. "I am equally pleased about my appointment in the Management Board as I am about the new challenges that come with this responsible role."

"As a family company, an employee-oriented and grounded culture is important to us," said Professor Thomas Bauer, Chairman of the Management Board of BAUER AG, "Therefore it is also important to the family that they are represented in the Management Board in the long term. I am particularly pleased that my son Florian has received high recognition in the company and was recommended for this task due to his technical expertise and his positive way of leading employees."

About Bauer

The BAUER Group is a leading provider of services, equipment and products related to ground and groundwater. With over 110 subsidiaries, Bauer operates a worldwide network on all continents.

The operations of the Group are divided into three future-oriented segments with high synergy potential: Construction, Equipment and Resources. The Construction segment offers new and innovative specialist foundation engineering services alongside the established ones, and it carries out foundation and excavation work including cut-off walls and ground improvements on a worldwide basis. Bauer is a global market leader in the Equipment segment and provides a full range of equipment for specialist foundation engineering as well as for the exploration, mining and extraction of natural resources. In the Resources segment, Bauer focuses on highly innovative products and services in the areas of water, environment and mineral reserves.

Bauer benefits greatly from the collaboration between its three separate segments, enabling the Group to position itself as an innovative, highly specialized provider of products and services for demanding projects in specialist foundation engineering and related markets. Bauer therefore offers appropriate solutions for the world's major challenges, such as urbanization, growing infrastructure needs, the environment, and water, oil and gas.

The BAUER Group was founded in 1790 and is based in Schrobenhausen, Bavaria. In 2016 it employed some 10,800 people in around 70 countries and achieved total Group revenues of EUR 1.6 billion. BAUER Aktiengesellschaft is listed in the Prime Standard of the German stock market.

More information can be found at www.bauer.de.

Christopher Wolf
Investor Relations
BAUER Aktiengesellschaft
BAUER-Strasse 1
86529 Schrobenhausen, Germany
Phone: +49 8252 97-1797
Fax: +49 8252 97-2900
[email protected]

07.12.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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