SKW Stahl-Metallurgie: Court grants injunction against board chairman

By Caroline Salls

Pittsburgh, June 29 – SKW Stahl-Metallurgie Holding AG’s executive board said the Munich District Court issued an injunction against supervisory board chairman Olaf Marx at the request of a member of the supervisory board.

According to a news release, Marx is enjoined from exercising his duties as chairman until further notice.

Marx’s supervisory board membership is unaffected by the injunction.

SKW is based in Unterneukirchen, Germany, and makes specialty chemicals for the steel industry.

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