On January 2, 2025, PIERER Mobility AG announced it was “convening an Extraordinary General Assembly” with the specific intent to authorize additional financial instruments which entailed bouncing chairman of the supervisory board Josef Blazicek and adding Stephan Zöchling to join the supervisory board of PIERER Mobility AG… got it?
Subject to election at the general assembly, Stephan Zöchling is to become a member of the supervisory board of PIERER Mobility AG. Stephan Zöchling brings with him experience of restructuring in the automotive sector — he currently heads up Remus Performance Exhausts.
In order to facilitate Zöchling election, Blazicek —the current chairman of the supervisory board — resigned from the position he had held for the past 17 years after moving into the motorcycle industry after a career as an investment banker.
“It is intended to convene an extraordinary general assembly at the end of January 2025, at which elections to the Supervisory Board are to be held. In addition, new conditional capital is to be created at this general assembly in order to enable the flexible issue of financial instruments by the executive board.”
