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K+S CFO Lohr set to replace CEO Steiner - German magazine Bilanz

Published 2016-03-30, 06:29 a/m
© Reuters.  K+S CFO Lohr set to replace CEO Steiner - German magazine Bilanz
SDFGn
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POT
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FRANKFURT, March 30 (Reuters) - The finance chief of German
potash and salt miner K+S SDFGn.DE , Burkhard Lohr, is set to
be promoted to the top job, replacing Chief Executive Officer
Norbert Steiner, German magazine Bilanz cited company sources as
saying.
"Influential supervisory board members" are pressing for
CFO Lohr to be appointed CEO before the annual general meeting
on May 11, the magazine said.
Officials at K+S were not immediately available for comment.
Steiner said this month he expected to retire in May 2017
when his contract runs out.
Last year, CEO Steiner fended off a 41-euro-per share
takeover approach from larger Canadian rival Potash Corp
POT.TO , which withdrew its proposal in October.
K+S has seen its share price drop to 21 euros, hurt by lower
global potash prices.

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