Executive board contract of CFO extended ahead of schedule

Olaf Klinger

The supervisory board of Symrise approved an early contract extension for CFO Olaf Klinger at its meeting 7 March, 2018.

With his profound knowledge and extensive experience in the field, Olaf Klinger will continue to manage the finances of Symrise for another five years until January 2024.

Through the renewal of the CFO's contract, Symrise is ensuring continuity and stability in the executive board.

The chairman of the supervisory board, Dr Thomas Rabe, said: "We are delighted to have Olaf Klinger on board to lead the financial department for another five years."

"By extending his contract now, we are demonstrating our long-term orientation, and we are also showing our recognition for his strong past performance."

"Olaf Klinger did an outstanding job in addressing the increasing challenges of the international capital markets and enjoys an excellent reputation within our financial community."

As a member of the executive board, Olaf Klinger has been heading Symrise’s finance department since January 2016.

During his appointment, he has successfully supported the company in numerous strategic growth initiatives. He provided for instance a diverse range of financing instruments for the sale of the Pinova industrial activities in November 2016 and the acquisition of the British beverage specialist Cobell in May 2017.

Symrise also benefited from his extensive knowledge of transactions and integration processes. In addition, Olaf Klinger utilised the positive market environment to carry out the successful placement of €400 million in convertible bonds in June 2017.