January 23, 2019 / 1:40 PM / 6 months ago

BRIEF-Zumtobel Group Reaches Settlement With Former CEO Ulrich Schumacher

Jan 23 (Reuters) - Zumtobel Group AG:

* ZUMTOBEL GROUP REACHES SETTLEMENT WITH FORMER CEO ULRICH SCHUMACHER

* WILL PAY DR SCHUMACHER EUR 1.5 MILLION GROSS, WHICH IS APPROXIMATELY ONE THIRD OF REQUESTED EUR 4.4 MILLION

* MAJORITY OF THIS AMOUNT IS ATTRIBUTABLE TO REMUNERATION CLAIMS FROM PREVIOUS FINANCIAL YEARS AND HAS ALREADY BEEN ACCRUED Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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