In a shareholder meeting called for October 31, Sanex shareholders will approve the replacement of Christian Morath as general manager and chairman of the board and will appoint his replacements.
Another item on the meeting agenda is the “initiation of responsibility actions against the managers”. By law, this action can be initiated by the general meeting against founders, managers and directors, for damages caused to the company during flawed performance of tasks.
Lasselsberger representatives recently announced that Morath gave up his management positions within Lasselsberger SA and Sanex SA, and would be replaced by Kurt Ternegg.
Lasselsberger Romania, the largest local producer of ceramic tiles, expects local sales to reach EUR38.5 million, a level similar to 2010 figures.