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Message from the Chairman
25 September 2020
Stefan Borgas steps down as director.
Dear Sibelco Shareholder,
I write to inform you that Stefan Borgas has decided to step down from his position on the Sibelco Board of Directors.Stefan’s energy and acumen have been of great benefit to the Board and we are sad to see him leave.We wish him all the best and will start the search for his replacement straight away. He has asked me to pass on the following message to you:
“Today, I left the board of directors of Sibelco with much sorrow. I took this decision not lightly together with my fellow board members, simply because of a lack of adequate time that I can dedicate to such an important role in the near future. Sibelco is a great company, delivering great value for its customers and with fantastic people. I want to offer my deepest respect for the organization. I enjoyed my time with the Board, the management and the family. I’m a sure that Hilmar Rode (CEO) and his team will take Sibelco forward into a bright future.”
Bert De Graeve
Covia Corporation, a NYSE listed company owned 65% by Sibelco, has filed for Chapter 11 protection in the United States.
A special shareholder webcast will take place. For further details please contact +32 (0) 3 223 67 28
Plantin en Moretuslei 1A