Nabaltec AG Announces CFO Transition and CEO Contract Extension

Nabaltec AG has announced a change in its Management Board with Gunther Spitzer, Chief Financial Officer since 2017, retiring at his own request after nearly 45 years with the company. The Supervisory Board has appointed Dirk A. Muller to the Management Board with a four-year term effective December 1, 2026, to succeed Spitzer as CFO. Johannes Heckmann, CEO of Nabaltec AG, stated that Muller brings extensive experience in financial management, capital market processes, and corporate organization, and his familiarity with the company from serving on the Supervisory Board since 2024 will enable a smooth transition.

Dirk A. Muller studied business administration in Munster and began his career at Ernst & Young in Dusseldorf, including a two-year assignment in Boston. After six years, he moved to Jackstadt GmbH as Head of Accounting and Tax before returning to EY in 1999, where he became a partner in the Equity Capital Markets/Transaction Services Division in 2002. His subsequent roles include Managing Director and CFO at A.T.U in Weiden, CFO of SiC Processing GmbH, and Group CFO of the Onlineprinters Group. Since September 2024, Muller has been Group CFO of the Cologne-based Swash Group and holds professional credentials as an auditor, tax consultant, and CPA. He will step down from Nabaltec's Supervisory Board on November 30, 2026, before assuming sole responsibility for Finance/Controlling, Administration, and Information Technology on January 1, 2027.

In addition to the CFO transition, the Management Board contract of CEO Johannes Heckmann was extended by five years, signaling stability and continuity in the company's leadership. Gerhard Witzany, Chairman of the Supervisory Board, expressed regret at Spitzer's departure, acknowledging his significant contributions over nearly 45 years with the company. The transition period will see the Management Board temporarily operate as a four-member board until Muller fully assumes his CFO duties. This leadership change occurs as Nabaltec AG, a Schwandorf-based chemicals company, continues to manufacture and develop specialized products based on aluminum hydroxide and aluminum oxide through its product segments "Functional Fillers" and "Specialty Aluminas." The company's products include eco-friendly flame retardant fillers for applications in infrastructure like tunnels and airports, as well as additives for catalysis and electric vehicles, with production sites in Germany and the US. More information about the company can be found at https://www.nabaltec.de.