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PSI AG Appoints Harald Fuchs to the Management Board

Source: 1/16/2013, Location: Europe

Effective 1 July 2013, Harald Fuchs (48) has been named to the Management Board of the PSI AG. He will follow Armin Stein (61), who is resigning from the company with the end of his contract on 30 June 2013. At the same time, Dr. Harald Schrimpf (48) has extended his contract for another five years until 30 June 2018 and has been named the Chairman of the Management Board.

Harald Fuchs, as the Head of Finances and Controlling, has been active in the business unit Electrical Energy of PSI AG since 2011. Prior to that he held a number of senior commercial positions in the RWE, Continental and Alpine Energy Group within Germany, the USA and Austria. Harald Fuchs studied business management in Germany, the United Kingdom and the USA.

Prof. Dr.-Ing. Rolf Windmoller, Chairman of the Supervisory Board, is grateful to Armin Stein for his commitment to the company. “PSI AG owes a lot to Armin Stein. His personal engagement in the last twelve years has contributed much to the PSI success story: restructuring of the company, making it able to offer a dividend, being included in the TecDAX are only some of the milestones. Seldom have I met a business leader who has so successfully managed the strategic and performance-based development of a company as has Armin Stein. He will remain associated with the company beyond the 30th of June 2013 and the Supervisory Board is grateful for that.”

“The Supervisory Board extended the contract with Dr. Harald Schrimpf in recognition of his performance for PSI in recent years, but as well for its confidence in his future engagement for the company,” says Prof. Dr.-Ing. Windmoller. “Along with the change in the Management Board Dr. Schrimpf will be named the Chairman of the Management Board. In this manner, the Supervisory Board foresees the continuation of the strategic and economic development of the company. We look forward to the continuing cooperation with Dr. Schrimpf and welcome Mr. Fuchs as a new member of the Management Board.“

On the basis of its own software products, PSI AG develops and integrates complete solutions for energy management (electricity, gas, oil, heat), production management (metals, automotive, mechanical engineering, mining, logistics) and infrastructure management for transport and safety. PSI was founded in 1969 and employs approximately 1,600 persons worldwide.

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