Executive board surprisingly resigns / Ningbo Jifeng's takeover conditions to remain unchanged

摘要

The executive board of Grammer (Amberg / Germany; www. grammer.com), which specialises in the manufacture of automotive seats and centre consoles, has announced its resignation. CEO Hartmut Mutter, CFO Gerard Cordonnier and COO Manfred Pretscher intend to resign from their posts at the end of 2018. The move came shortly after the conclusion of the takeover by new majority shareholder Ningbo Jifeng Auto Parts (Ningbo, Zhejiang / China; www.nb-jf.com).