Resolutions of the Supervisory Board of Sartorius AG
Göttingen, February 11, 2021
- Extension of the Executive Board contracts of René Fáber and Gerry Mackay
- Dividend proposal of 0.71 euros per preference share and 0.70 euros per ordinary share
The Supervisory Board of Sartorius AG resolved at its meeting today to approve an early extension of the appointments of René Fáber as a member of the Executive Board and Head of the Bioprocess Solutions Division, as well as of Gerry Mackay as a member of the Executive Board and Head of the Lab Products & Services Division.
René Fáber (45) has been working for Sartorius since 2002 and has been an Executive Board member of Sartorius AG since January 2019. His appointment has now been extended by five years until December 31, 2026. Gerry Mackay (58) joined Sartorius in 2015 through the acquisition of BioOutsource and has been an Executive Board member of Sartorius AG also since January 2019. The Supervisory Board accepted Gerry Mackay’s request to extend his appointment only by two years until December 31, 2023, due to his private plans for the future.
In addition, the Supervisory Board of Sartorius AG approved the Executive Board’s recommendation to submit a proposal to the Annual General Shareholders’ Meeting on March 26, 2021, to pay dividends for fiscal 2020 of 0.71 euros per preference share and 0.70 euros per ordinary share. Therefore, the total amount disbursed under this proposal would be 48.2 million euros. Prior-year dividends were 0.36 euros per preference share and 0.35 euros per ordinary share.
This press release contains forward-looking statements about the future development of the Sartorius Group. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such statements. Sartorius assumes no liability for updating such statements in light of new information or future events. This is a translation of the original German-language press release. Sartorius shall not assume any liability for the correctness of this translation. The original German press release is the legally binding version.