NewswireToday - /newswire/ -
Essen, Nordrhein-Westfalen, Germany, 2011/10/31 - HOCHTIEF Solutions AG, have made use of their special right of termination in connection with ACS Actividades de Construcción y Servicios S.A.
Dipl.-Ing. Henner Mahlstedt (57), CEO of HOCHTIEF Solutions AG, and Dipl.- Kfm. Heiner Helbig (54), CFO of HOCHTIEF Solutions AG, have made use of their special right of termination in connection with ACS Actividades de Construcción y Servicios S.A. exceeding the 30 percent shareholding threshold.
The reason for this decision are differing views about the further strategic alignment of the company. A decision on the successors for the two functions will be taken on a short-term basis.
Mr. Mahlstedt and Mr. Helbig successfully built up the business of HOCHTIEF Construction AG from 2005, and later of HOCHTIEF Solutions AG. The Supervisory Board of HOCHTIEF Solutions thanks them for their long years of successful work within the Group.
Furthermore, attorney-at-law Bernward Kulle (48) will leave the Executive Board of HOCHTIEF Concessions AG. Mr. Kulle, by mutual agreement with the Supervisory Board, leaves the company because of differing strategic views about the future of the PPP business. The PPP activities will be integrated shortly as a separate segment into HOCHTIEF Solutions AG within the framework of a realignment of the Group. The Supervisory Board of HOCHTIEF Concessions thanks Bernward Kulle for his long years of successful work within the Group.
About HOCHTIEF AG
HOCHTIEF (hochtief.de / hochtief.com) is one of the leading international providers of construction-related services. With more than 70 000 employees and a sales volume of EUR 20.16 billion in FY 2010, the company is represented in all the world‘s major markets. The Group's service offering in the fields of development, construction, services, concessions and operation covers the entire life cycle of infrastructure projects, real estate and facilities.
In the USA, the biggest construction market in the world, HOCHTIEF is the No. 1 general builder via its subsidiary Turner and, with Group company Flatiron, ranks among the most important players in the field of transportation infrastructure construction. With its subsidiary Leighton (HOCHTIEF share around 55 percent), the Group is market leader in Australia. Because of its engagement for sustainability, HOCHTIEF has been listed in the Dow Jones Sustainability Indexes since 2006.