German engineering group Bilfinger SE (BFLBY.PK) said it has decided to reduce the Executive Board from five to three members and in the near term to effect the resignation of Pieter Koolen, previously responsible for the Industrial business segment, and Joachim Enenkel, previously responsible for the Power business segment, on amicable terms.
Following his departure, Pieter Koolen will be available to the company for several months in a consulting capacity, the company said.
According to Bilfinger, the divisions in the Power and Industrial business segments will in future be headed by CEO Per Utnegaard directly. Jochen Keysberg retains responsibility for the Building and Facility business segment.
Further, Bilfinger confirmed the expectations for the first half of 2015 and anticipates an adjusted EBITA from continuing operations in the mid double-digit million euro range.
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