- Dominik de Daniel, Karl von Rohr and Susanne Wiegand are elected as new members of the Brenntag Supervisory Board which has been expanded to eight members
- Annual General Meeting votes for a dividend of 2.10 EUR per share which is stable compared to the prior year, representing a payout of approx. 303 million EUR
Brenntag (ISIN DE000A1DAHH0), the global market leader in chemicals and ingredients distribution, today held its Annual General Meeting. The meeting took place as a virtual event.
The Chairs of Supervisory Board and Board of Management presented an overview of the general developments, highlights and performance of the financial year 2024, underlining the company’s resilience despite geopolitical uncertainties and a challenging economic environment. The Management also provided information on the progress of the execution of “Strategy to Win”, the company’s Group and divisional growth strategy that represents the second phase of Brenntag’s comprehensive transformation journey.
With an attendance rate of about 88%, the Annual General Meeting voted in favor of expanding the Supervisory Board from six to eight members, strengthening and complementing the competencies and expertise of the Supervisory Board, and addressing the increased demands placed on Supervisory Boards in global companies.
The newly elected Supervisory Board members are Dominik de Daniel, CEO of Kühne Holding AG, Karl von Rohr, an internationally trained lawyer and former member of the Management Board of Deutsche Bank AG, and Susanne Wiegand, most recently the CEO of RENK Group AG. Furthermore, current member Stefanie Berlinger was re-elected for a term of two years. Dr Andreas Rittstieg did not stand for re-election.
Richard Ridinger, Chairman of the Supervisory Board of Brenntag SE, commented: “At the end of his successful tenure of more than 15 years on our Supervisory Board, I want to thank Dr Andreas Rittstieg for his service. We greatly appreciated the consistently excellent, constructive, and trusting cooperation. I am also delighted to welcome our new members to our company. Their extensive experience and insights as well as their expert knowledge will be a valuable extension and complementation of our board. I look forward to working together.”
The Annual General Meeting also approved all other proposals by the Board of Management and the Supervisory Board, including a stable dividend of 2.10 EUR per share. This represents a payout ratio of about 57% of the net profit attributable to Brenntag shareholders and a total payout of approx. 303 million EUR. Brenntag has thus maintained or increased its dividend payout now for the 14th time in a row, corresponding to an average annual dividend growth rate of around 11% since its IPO.
The detailed voting results on all the proposals can be found at:
https://corporate.brenntag.com/en/investor-relations/annual-general-meeting/
https://corporate.brenntag.com/en/investor-relations/annual-general-meeting/
