DGAP-News: Nemetschek SE / Key word(s): Change of Personnel
Nemetschek Group Expands Supervisory Board with US Executive Bill Krouch
Munich / Washington D.C., June 8, 2018 - The Nemetschek Group, one of the largest software providers for the Architecture, Engineering and Construction (AEC) industry, announced today that its shareholders have elected a fourth member for the Supervisory Board. Bill Krouch, an advisor based in the US, is the first non-European member on the Supervisory Board of the successful Group. The shareholders showed strong support for the new board member with 99.72% approval.
"We are very pleased with the decision of our shareholders", said Kurt Dobitsch, Chairman of the Supervisory Board at the Annual General Meeting of the Nemetschek Group. "Bill Krouch is an executive with global experience. His in-depth industry background makes him a great complement to the existing Supervisory Board", he continued. "With the Nemetschek Group growing at a fast pace, I am convinced that Bill can help us scale the group globally, particularly in our growth region, the USA. Adding Bill to the Supervisory Board sends a strong signal to our customers in the US".
Over the few last years, the Nemetschek Group has consistently strengthened its market position outside of its core markets in the DACH region, especially in the USA. The United States is today the largest single market in the Nemetschek Group's portfolio, with a 30% share of total revenues. The Group has had out-sized growth in this highly competitive and rapidly growing market.
After his election, Bill Krouch stated that he was very excited he is to join the Nemetschek Supervisory Board. "I believe my appointment reinforces Nemetschek' s commitment to expanding growth opportunities in the American market. Given the size and potential of the US market, the growth opportunities are significant. My extensive experience in M&A, deep understanding of the US markets, and strong relationships within the industry will support Nemetschek' s ongoing growth initiatives."
A strong industry background
Since his retirement from JLL, Bill has been advising private equity firms, hedge funds and institutional investors on strategy, target acquisitions and the competitive landscape within the respective sector. Currently he works as an outside Director for Investcorp's Corporate Investment Advisory Board for North America.Contact:
Director Investor Relations & Corporate Communication
P: +49 89 540459-250
M: +49 175 7211197
About the Nemetschek Group
The Nemetschek Group is driving the digitalization of the building industry. Using our software, architects, engineers, construction companies, and facility managers can plan ahead, seamlessly share information and work together more closely. Building and infrastructure projects can thus be conducted more efficiently and sustainably. The unique holding structure provides our 15 strong brands with the flexibility to innovate in an entrepreneurial way while closely engaging with their 2.7 million customers worldwide. Founded by Prof. Georg Nemetschek in 1963, the company today employs more than 2,100 experts.
|Phone:||+49 (0)89 540459-0|
|Fax:||+49 (0)89 540459-444|
|Listed:||Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|