German petroleum products company FUCHS SE (FPE.DE) Wednesday said that its Supervisory Board has decided to extend the contract of Chief Executive Officer Stefan Fuchs for another three years until June 30, 2029.
According to the company, Stefan Fuchs has been with FUCH SE since the last 29 years, a member of the Executive Board since 1999, and assumed the role of CEO in 2004. He is responsible for Group Development, Human Resources, Corporate Marketing & Communications, and Strategy, FUCH SE added.
Commenting on the developments, Supervisory Board Chairman Dr. Christoph Loos, said, "We are very pleased to continue our successful and trusting collaboration with Stefan Fuchs. "We are confident that he will continue to lead the company reliably and successfully. Together, as already announced, we will prepare a group management sustainable and viable for the future to ensure the long-term success of the company."
In its latest quarter, the company said that its first-quarter earnings after tax remained at the previous year's level of 77 million euros. Earnings per ordinary share and per preference share each increased by 2 percent to 0.59 euros. EBIT improved by 1 percent to 108 million euros.
In the first three months of 2025, sales revenues were 924 million euros, which were 5 percent higher than the prior-year period due to positive business development and the contribution of acquisitions.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.