SGL CEO resigns after profit warning
FRANKFURT — German carbon fiber maker SGL Group said its CEO, Juergen Koehler, will step down over flawed business planning after the company withdrew its forecasts for the next three years. In a statement on Wednesday, SGL, which supplies carbon fiber to automakers such as BMW and Volkswagen Group, said its outlook for the 2020-22 period had become obsolete and restructuring measures were being considered.
Name: Juergen Koehler
Country: Germany
Company: SGL Carbon SE
Position: CEO
Reason: Resigned
Announcement Date: August 14, 2019, 10:00pm
Source 1: https://europe.autonews.com/suppliers/sgl-ceo-resigns-after-profit-warning