12.12.2017 17:59:57
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Press Release: SIKA ESTABLISHES NEW, STRONG REGION AMERICAS - NORTH AND LATIN AMERICA REGIONS MERGED
Sika AG / SIKA ESTABLISHES NEW, STRONG REGION AMERICAS - NORTH AND LATIN
AMERICA REGIONS MERGED. Processed and transmitted by Nasdaq Corporate
Solutions. The issuer is solely responsible for the content of this
announcement.
The Board of Directors of Sika has decided to set up a new, strong
region Americas. The aim is to create a more efficient supply chain and
benefit from larger purchasing volumes in the closely intertwined
regions of North and Latin America. This change will take effect as of
March 1, 2018.
The new region will be headed by Christoph Ganz, currently Regional
Manager North America. José Luis Vazquez, the present Regional
Manager Latin America, will leave Group Management from March 1, 2018.
He will remain in the company to support the new structure and further
development of the region. José Luis Vazquez has led Latin America
for many years, and the region has shown exceptional performance under
his leadership. The Board of Directors wishes to thank José Luis
Vazquez for his excellent work and for his many years of service as a
member of Group Management.
Paul Schuler, CEO: "This change is a further step towards making the
company even more efficient and gearing activities towards growth with a
clear customer focus. I have no doubt that, with our new structure and
the experienced Group Management team, we will strengthen the
implementation of our strategic targets 2020."
CONTACT
Dominik Slappnig
Corporate Communications &
Investor Relations
+41 58 436 68 21
slappnig.dominik@ch.sika.com
SIKA CORPORATE PROFILE
Sika is a specialty chemicals company with a leading position in the
development and production of systems and products for bonding, sealing,
damping, reinforcing and protecting in the building sector and
automotive industry. Sika has subsidiaries in 99 countries around the
world and manufactures in over 200 factories. Its more than 17,000
employees generated annual sales of CHF 5.75 billion in 2016.
The media release can be downloaded from the following link:
Media Release: http://hugin.info/100359/R/2155634/828339.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Sika AG via Globenewswire
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Sika AG
Zugerstrasse 50 Baar Switzerland
WKN: 858573;ISIN: CH0000587979;
http://www.sika.com
(END) Dow Jones Newswires
December 12, 2017 12:00 ET (17:00 GMT)
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