Dr. Schimmelbusch was appointed chairman of the Management Board on 21 November 2006, the date of incorporation of the Company. In November 2002 he was appointed chief executive officer of Metallurg, and since 1998 he has served as chairman of the board of Metallurg and Metallurg Holdings. Presently, Dr. Schimmelbusch also serves as non-executive chairman of the board for Allied Resource Corporation, Wayne, Pennsylvania, United States and PFW Aerospace, Speyer, Germany. Dr. Schimmelbusch is also a Managing Director and a founder of Safeguard International Fund, L.P. In the past, Dr. Schimmelbusch served as chairman of Metallgesellschaft AG from 1989 until he resigned in 1993. His directorships have included Allianz Versicherung AG, Mobil Oil AG, Teck Cominco Limited, Methanex Corporation and MMC Norilsk Nickel. Dr. Schimmelbusch received his graduate degree (with distinction) and his doctorate (magna cum laude) from the University of Tübingen, Germany.