'Per Utnegaard led the Group in a challenging phase. Together with the Executive Board team, Bilfinger was realigned with a strategy focusing on its core business. This strategic course will be continued and Bilfinger will be put back on a path of profitable growth,' says Eckhard Cordes, Chairman of the Supervisory Board.

The Supervisory Board is already holding talks with potential successors. The aim is to announce the appointment of a new Chairman of the Executive Board for Bilfinger shortly.

Chief Financial Officer Axel Salzmann (57) will assume the role of CEO on an interim basis in addition to his current functions.

The outlook for financial year 2016 issued by Bilfinger on March 16 has now been confirmed. In financial year 2015, Bilfinger met or surpassed expectations communicated by the Group for all financial key figures. Liquidity has improved, the efficiency of structures was enhanced and complexity was reduced.

Bilfinger SE issued this content on 13 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 April 2016 08:45:08 UTC

Original Document: http://www.bilfinger.com/en/press/press-releases/article/article/ceo-per-h-utnegaard-steps-down-from-bilfinger-executive-board-for-personal-reasons-axel-salzmann/