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Marc Solvi Joins Managing Board of SMS Siemag

Marc Solvi, CEO of Paul Wurth S.A., has been appointed to the managing board of SMS Siemag AG with effect from 1 January 2013.
The takeover of the majority share of 59.1% in Paul Wurth by SMS Holding GmbH was finalized on 17 December 2012.
Marc Solvi will continue to be in charge of the management of Paul Wurth. Furthermore, he will work with Dr. Guido Kleinschmidt, a member of the managing board of SMS Siemag AG, to coordinate the cooperation between Paul Wurth and SMS Siemag.