Heinrich Weiss, who has been responsible for the development and leadership of the SMS group of companies for the last 45 years, will be resigning from his post on the Managing Board and will assume the Chairmanship of the Supervisory Board, with effect from July 1, 2013.

The present Chairman, Dr Manfred Bischoff, will retain his commitment to the company as a Member of the Supervisory Board.

Dr Joachim Schönbeck, who is already a Member of the Managing Board, will be appointed to represent the Company externally with effect from July 1, 2013. Jointly with his colleagues, Burkhard Dahmen and Eckhard Schulte, he will continue to constitute the Management of SMS GmbH.

Dr Schönbeck will be primarily responsible for SMS Meer as before, Burkhard Dahmen will be responsible for SMS Siemag (including the Paul Wurth majority holding) and Eckhard Schulte will be the CFO of the group.