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10 The Supervisory Board was informed of the activities of the Audit Committee at the Supervisory Board meetings following each of these meetings. In February 2014, the Steering Committee discussed the appointment of Rolf Wetzel as an additional member of the Board of Management. In October 2014, the Steering Committee then held a meeting to discuss the appoint- ment of Dr. Roland Gerner as an additional member of the Board of Management and to discuss the extension of Jan Rinnert’s terms of office. Further meetings of the Steering Committee and meetings of the Mediation Committee were not necessary during the reporting period. Single-entity and consolidated financial statements The annual financial statements and the management report of Heraeus Holding GmbH as well as the consoli- dated financial statements and the management report of the Heraeus Group for 2014 were audited by KPMG AG Wirtschaftsprüfungsgesellschaft, Frankfurt am Main, and given an unqualified audit opinion. The Supervisory Board issued the instruction for these audits at its meeting on April 29, 2014. The audit engagement was approved at the shareholders’ meeting on May 24, 2014. The Chairman of the Supervisory Board, the Board of Man agement, and the auditors held meetings to discuss the main transactions of relevance to the accounts before the annual financial statements were prepared. Moreover, the Supervisory Board’s Audit Committee discussed the single-entity and consolidated financial statements for 2014 and their audits at its meeting on April 14, 2015. The Audit Committee accepted the findings of the audits with no objections. In this meeting, the Supervisory Board elected Andrea Bläser as its deputy chairwoman, a position that automati cally made her a member of the Panel of Four / Mediation Committee and the Steering Committee. The Supervisory Board also declared its support for the Audit Committee’s proposal aimed at ensuring auditor rotation, according to which Ernst & Young GmbH would be selected and proposed to the shareholders’ meeting as the auditor for 2015 onwards. Meetings and resolutions of the committees At its meeting on April 7, 2014, the Supervisory Board’s Audit Committee, in the presence of the auditor, mainly dealt with the single-entity and consolidated financial state ments for 2013. The Audit Committee also discussed the process of selecting a new auditor from 2015. At its meeting on September 22, 2014, the Audit Com mittee primarily dealt with the 2014 half-year report and preparation of the consolidated financial statements for 2014. The meeting on December 11, 2014 dealt with the compliance management system, the risk management system, Group Internal Audit (including IT auditing), status reports on various projects related to the realign- ment and reorganization of the Group, the selection of the auditor for the years 2015 through 2019, and updated financial reporting based on the five segments, electronics, environmental, health, industrial, and corporate.