Ton Büchner will be nominated by the Burckhardt Compression's Board of Directors for election as its new Chairman. Valentin Vogt, the current Chairman of the Board of Directors who has served as a director for 18 years, nine of which were as chairman, will not stand for re-election at the Annual General Meeting.
Ton Büchner was the CEO and Chairman of the Board of Management of AkzoNobel, a Dutch multinational company, from 2012 to 2017. He has also been a member of the Board of Directors of Novartis since 2016, and a member of the Shareholders’ Committee of Voith (Germany) since 2014.
Büchner, a Swiss/Dutch dual citizen, holds a degree in civil engineering. He received his master’s degree in civil engineering from Delft University of Technology in the Netherlands in 1988, majoring in offshore construction technology and coastal engineering. He also holds a Master of Business Administration from IMD Business School in Lausanne.
Valentin Vogt, on his proposed successor, commented: “Ton Büchner is a business executive with exceptional qualifications who is deeply familiar with Burckhardt Compression’s products and targeted markets. He brings a strong and well-established track record to the company.”
Vogt, the CEO of Burckhardt Compression from 2000 to 2011 – with a seat on the Board of Directors as a delegate since 2002 – and the Chairman of the Board of Directors since 2011, will not stand for re-election to the Board of Directors. This decision is based on his own, long-term planning. However, he will continue to coordinate the group of shareholders comprised of former members of the management buyout team, and will remain engaged in Burckhardt Compression as one of its major shareholders.
Read the article online at: https://www.hydrocarbonengineering.com/special-reports/30012020/ton-bchner-elected-for-new-chairman-of-burckhardt-compressions-board-of-directors/
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