METZINGEN (dpa-AFX) - Fashion company Hugo Boss appears to be on the verge of a change at the top of its supervisory board. On Friday evening, the company published a mandatory statement from Frasers Group. According to this statement, the investor has withdrawn its support for Hugo Boss supervisory board chairman Stephan Sturm. Mr. Sturm had previously informed Frasers Group that he would not wish to remain as chairman of the Hugo Boss supervisory board without their backing. With the aim of removing Mr. Sturm if necessary and appointing a new chairman, Frasers Group intends to exert influence over the composition of Hugo Boss's supervisory board.
In after-hours trading, there was initially little reaction to the news./he/la
Mr. Stephan Sturm is a President & Chief Executive Officer at Fresenius SE & Co. KGaA, a Chairman-Management Board at Fresenius Management SE, a Chairman-Supervisory Board at Fresenius Kabi AG, a Chairman-Supervisory Board at Fresenius Medical Care Management AG, a Co-Managing Director at HELIOS Privatkliniken GmbH and a Member-Administrative Board at Fresenius Kabi Groupe France. He is on the Board of Directors at Deutsche Lufthansa AG, FPS Beteiligungs AG, VAMED AG, Fresenius Hemocare Netherlands B.V., Fresenius Kabi España SA and Labesfal-Laboratórios Almiro SA. Mr. Sturm was previously employed as a Member-Supervisory Board by Wittgensteiner Kliniken AG, a Managing Director by Credit Suisse First Boston Corp. AG, a Member-Supervisory Board by HELIOS Kliniken GmbH, and a Member-Supervisory Board by Wittgensteiner Kliniken GmbH. He also served on the board at FHC (Holdings) Ltd. He received his undergraduate degree from the University of Mannheim.
Hugo Boss AG is a Germany-based developer and marketer of men's and women's clothing and accessories for the international fashion market. Its product portfolio comprises apparel, eveningwear and sportswear, as well as shoes and leather accessories, licensed fragrances, eyewear, watches, childrenâs fashion, home textiles and writing instruments. The Company's brand portfolio comprises BOSS, BOSS Orange, Camel, Green, Black, Blue and HUGO and others: BOSS comprises business wear, leisurewear and evening apparel, as well as watches, eyewear and fragrances; BOSS Orange and BOSS Camel focuses on womenswear; BOSS Green comprises sportswear and BOSS Black focuses on modern tailoring, BOSS Blue focuses on denimwear, HUGO provides apparel for both business and leisure, as well as shoes, accessories and licensed fragrances.
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