RHI Magnesita is pleased to announce that the Board of Directors has proposed the appointment of Franz-Ferdinand Buerstedde as a Non-Independent, Non-Executive Director, to be voted on at the upcoming 2025 Annual General Meeting.
Franz-Ferdinand has been nominated by Rhône Capital, which currently holds approximately 24% of the Company through funds under its management. He brings significant international experience in private equity and investment management. A Managing Director at Rhône Capital since 2011, he has been with the firm since 2004 and has played a key role in a wide range of investments across the business services, consumer, energy, and industrial sectors. Prior to joining Rhône, he worked in the mergers and acquisitions division of Citigroup.
Rhône has a long-standing relationship with RHI Magnesita and was previously a key shareholder in Magnesita prior to the formation of the combined Group. As a strategic minority investor, Rhône brings deep sector knowledge and has expressed strong support for RHI Magnesita’s growth strategy, including its focus on total heat management solutions, backward integration, and sustainability leadership.
Chairman of the Board, Herbert Cordt commented: “We look forward to welcoming Franz-Ferdinand onto the Board of RHI Magnesita and benefitting from his extensive experience.”
Franz-Ferdinand holds Master’s degrees in Management from ESCP-EAP and in Finance from the London Business School, both with distinction. Earlier in his career, he served as a second lieutenant in German Army Intelligence.