Augsburg, June 10, 2026 – RENK Group AG, a leading provider of propulsion solutions for the military and civilian sectors, held its 2026 Annual General Meeting today. In total, 50.93% of the share capital was represented. The shareholders approved all of the resolutions proposed by the Management Board and the Supervisory Board by a large majority.
The Annual General Meeting voted in favor of a dividend of €0.58 per share carrying dividend rights for fiscal year 2025. That corresponds to a distribution ratio of 40.9%, representing an increase of 38% over the previous year (€0.42).
Dr. Klaus Richter to take over as Chairman of the Supervisory Board
The shareholders discharged the members of the Executive Board by a majority of 99.3% and the members of the Supervisory Board by a majority of 95.9% for fiscal year 2025.
In addition, the Annual General Meeting elected Dr. Klaus Richter with an approval rate of 99.0% to the Supervisory Board of RENK Group AG, which elected him today as its new Chairman in accordance with the Articles of Association. Dr. Richter has proven industry experience in the automotive, aerospace, and defense sectors, including as a former member of the Executive Board of the Airbus Group, President of the industry association BDLI, and President of the Executive Board of the Diehl Group.
Dr. Richter succeeds Claus von Hermann, who stepped down from the Supervisory Board at his own request as of the end of the Annual General Meeting. At the Annual General Meeting, the Management Board expressly thanked Claus von Hermann for his longstanding commitment to RENK. During his tenure as Chairman of the Supervisory Board, RENK Group AG grew into one of Europe’s leading listed defense companies.
“RENK is in excellent shape both in terms of operations and technology, and is currently in a phase where consistent implementation is key. I look forward to shaping this path together with the Management Board and Supervisory Board. Claus von Hermann has laid an excellent foundation in his role, upon which we can now continue to build,” said Dr. Klaus Richter in response to his appointment as Chairman of the Supervisory Board.
“Today’s Annual General Meeting confirms the course we have set as a company. Claus von Hermann has played a key role in indelibly shaping this highly successful path with great foresight and reliability, and we are extremely grateful to him for that. With Dr. Klaus Richter, RENK is gaining an experienced strategist who will guide us through our growth phase with the right expertise,” added Group CEO Dr. Alexander Sagel.
The voting results from today’s Annual General Meeting, and the speeches by the Supervisory Board and CEO will be available shortly at https://ir.renk.com/annual-general-meeting.
About the RENK Group AG
Headquartered in Augsburg, Germany, RENK Group AG is a globally leading manufacturer of mission-critical propulsion solutions across diverse military and civil end markets. Our product portfolio includes gear units, transmissions, power-packs, hybrid propulsion systems, suspension systems, slide bearings, couplings & clutches and test systems. With this broad product portfolio RENK Group AG serves, in particular, customers in industries for military vehicles, naval, civil marine, and industrial applications focused on energy. In the fiscal year 2025, RENK Group AG generated revenue of approximately EUR 1.4 billion. RENK Group AG has been listed on the Frankfurt Stock Exchange since February 7, 2024, and has been a member of the MDAX since March 24, 2025.
Disclaimer
This Press Release contains forward-looking statements that are based on plans, expectations, estimates and projections of the management of RENK Group as at the date of this Press Release. These plans, expectations, estimates and projections depend on a variety of assumptions and are subject to unforeseeable events, uncertainties, known and unknown risks as well as other factors that may cause actual results or the actual financial situation, development or performance to differ from those expressed or implied in the forward-looking statements. RENK Group does not assume any obligation to update the forward-looking statements or make adjustments to them to reflect events or developments occurring after the date of this Press Release unless obliged by statutory law.
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