Loo Hooi Keat joins the board of office supplies producer Herlitz AG as Chairman, taking on operational responsibilities.
Visions & Trends has reported
on the appointment of Pelikan International CEO Loo Hooi Keat as Chairman to the Board at office supplies and paper producer Herlitz AG, with the appointment taking place immediately.
He will remain Chairman until 30 September 2013, and has been tasked with operational responsibilities along with his deputy Jan-Peter Heyer. Current board member Cheong Seng Ng is said to be leaving the board at the close of 2012 for personal reasons.
Herlitz has also announced that it will convene an “extraordinary” general meeting in December 2012 to reduce its share capital from €46,467,000 ($60,888,981) to €10,908,000 ($14,293,520), although notes that the number of shares and ownership of shareholders will remain unchanged.
Pelikan recently announced that the printer consumables supplier experienced a double-digit decrease in sales in Europe for the first half of 2012, citing a decision to cease distribution of “presentation products and to streamline its printer consumables business”.