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Investor Group Criticizes Rofin, Plans to Nominate Directors

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PLYMOUTH, Mich., Oct. 13, 2015 — Rofin-Sinar Technologies Inc. is downplaying criticisms from an investor group that claims the industrial laser manufacturer is mismanaged. With the aim of improving Rofin's operations and increasing profitability, SilverArrow Capital Advisors LLP of London said it plans to nominate three new independent directors at a stockholders' meeting next year. Rofin's board of directors has seven members. SilverArrow issued an open letter Oct. 8 that described in detail a number of problems it said the company has displayed over the last five years. In a response the following day,...Read full article

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    Published: October 2015
    fiber lasersBusinessdiode lasersAmericasGermanyEuropeMichiganindustrialmaterials processingLasersRofinRofin-SinarThomas MerkSilverArrowThomas Limberger

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