CORPORATE NEWS

Stephan Temming appointed as CFO of Daldrup & Söhne AG

Grünwald / Ascheberg, 23 August 2019 - The Supervisory Board of Daldrup & Söhne AG (ISIN DE0007830572) has appointed Stephan Temming (48) to the Management Board with effect from 21 August 2019. Stephan Temming is responsible for Finance, Controlling, Investor Relations and Business Development. Temming has been in charge of these operational tasks since joining Daldrup & Söhne AG on 1 July 2017. Stephan Temming has been appointed Chief Financial Officer until 30.07.2024.

CEO Josef Daldrup: "I am pleased that we were able to fill the position of CFO with Stephan Temming. His expertise in the central areas of finance and controlling will also support us in our communication with the capital market and our financiers as well as in the realignment of the Group as a whole".

Temming holds a degree in business administration and has over 25 years of professional experience in the banking and finance sector. Before joining Daldrup, he last worked as an authorised signatory and departmental director with joint responsibility for the business with medium-sized corporate customers of a large German credit institution.
 

About Daldrup & Söhne AG
Daldrup & Söhne AG (ISIN: DE0007830572, WKN: 783057) with a corporate history spanning more than 70 years is a specialist provider of drilling and environmental services and ranks as one of the leading companies in Germany. Its activities are divided into the business divisions Geothermics, Raw Materials & Exploration, Water Extraction as well as Environment, Development & Services (EDS). The Geothermics business division provides drilling services for near-surface geothermics (especially geothermal probes of heat pumps), along with drilling services for deep geothermics up to 6000 m, in order to utilise the geothermal energy accessible in this way for electricity and/or heat generation. In the Raw Materials and Exploration business division, the bores made by Daldrup & Söhne AG serve for exploring and developing fossil fuel deposits (especially coal and gas) as well as mineral resources and ores (e.g. copper and gold). The Water Extraction business division comprises well construction for the extraction of drinking, service, curative, mineral, boiler-feed or cooling water as well thermal brine. The Environment, Development & Services (EDS) business division comprises special environmental engineering services such as the hydraulic clean-up of contaminated sites, the drilling of gas extraction wells for recovering waste dump gas, the provision of groundwater quality measuring points or the installation of water purification plants.

The stake in Geysir Europe GmbH also gives the Daldrup Group its own fields of experience in the exploration of geothermal energy in the Bavarian Molasse Basin and in the Upper Rhine Plain. The existing project management and power station expertise means that all stages of value creation can be covered for a deep geothermics project.

The shares of Daldrup & Söhne AG are listed in the Scale (sub-segment in the open market of the Frankfurt Stock Exchange).

Disclaimer
This publication represents neither an offer for sale nor a call to submit a tender for the purchase or underwriting of securities. This publication and the information it contains is not intended for direct or indirect dissemination in or within the United States of America ("USA"), Canada, Australia or Japan.
 

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Daldrup & Söhne AG
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