Chairman of KBA’s supervisory board Dieter Rampl has resigned with plans to spend more time in the USA.

The company says a successor will be elected shortly.

Rampl (66) has been a board member since 2002 and chairman of KBA’s supervisory board since June 2006. The long-standing chairman of UniCredit Group, he retired in May last year.

KBA says the “partial move” to the USA will not allow him to carry out his supervisory board duties and role as chairman with the intensity necessary.

The appointment to fill this vacant supervisory board post by the register court should take place in October, as well as the election of the new chairman in an extraordinary supervisory board meeting.