SMARTRAC N.V.
SMARTRAC announces Changes in the Management Board

SMARTRAC N.V.  / Key word(s): Change of Personnel

03.09.2012 07:35

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SMARTRAC announces Changes in the Management Board

Amsterdam, September 3, 2012 - The Dutch Company SMARTRAC N.V. (stock
abbreviation SM7) announces changes in the Management Board of the Company.
The Supervisory Board will propose the appointment of M. Gregory O'Hara as
Director A and Member of the Management Board at the SMARTRAC General
Meeting of Shareholders to be held at the end of October 2012. Mr. O'Hara
shall also be appointed Chief Executive Officer and Chairman of the
Management Board.

Dr. Christian Fischer will resign from his position as CEO and Chairman of
the Management Board of SMARTRAC N.V., effective September 3rd, 2012. He
will, however, continue to serve as Director A of SMARTRAC N.V until
December 31, 2012, and support Mr. O'Hara in a transition role until the
end of 2012.

Mr. M. Gregory O'Hara is currently Chairman of Certares International Bank,
LLC., and most recently served as Chief Investment Officer of JPMorgan
Chase's Special Investments Group. Prior to joining the private equity arm
of JPMorgan's One Equity Partners in 2005, he served as Executive Vice
President of Worldspan and was a member of its Board of Directors. Prior to
this, Mr. O'Hara was a management partner advising Citicorp Venture Capital
and Ontario Teachers' Pension Plan; served as Senior Vice President of
Sabre; and worked in various capacities for Perot Systems. He also serves
on the Boards of Travel Leaders Group and TV Guide Network. Mr. O'Hara
holds a Master of Business Administration degree from Vanderbilt
University.

Dr. Christian Fischer joined SMARTRAC at the end of 2005 and has been a
member of the Management Board since the incorporation of SMARTRAC N.V. in
January 2006. He has held the position of Chief Executive Officer (CEO) and
Chairman of the Management Board since July 1, 2007. During this time, the
Company has not only grown sales from EUR 25 Mio. in 2005 to some EUR 250
Mio. expected for 2012, but has also become the global leader in the RFID
market as developer, manufacturer, and supplier of transponders and inlays
for a broad base of applications in all current frequency standards.

About SMARTRAC:
SMARTRAC is the leading developer, manufacturer, and supplier of RFID and
NFC transponders and inlays. The company produces ready-made and customized
transponders and inlays used in access control, animal identification,
automated fare collection, border control, RFID-based car immobilizers,
electronic product identification, industry, libraries and media
management, laundry, logistics, mobile & smart media, public transport,
retail, and many more.

SMARTRAC was founded in 2000, went public in July 2006, and trades as a
stock corporation under Dutch law with its registered headquarters in
Amsterdam. The company currently employs about 4,000 employees and
maintains a global research and development, production, and sales network.

If you have any questions, please contact:
Tanja Moehler
Head of Corporate Communications & Marketing
SMARTRAC N.V.
Phone: +31 20 30 50 157
Email: tanja.moehler@smartrac-group.com 
Internet: www.smartrac-group.com
Twitter: www.twitter.com/SMARTRAC_NV

Forward-looking statements:
To the extent that this press release contains forward-looking statements,
such statements are based on assumptions, planning and forecasts at the
time of publication of this press release. Forward-looking statements
always involve uncertainties. Business and economic risks and developments,
the conduct of competitors, political decisions and other factors may cause
the actual results to be materially different from the assumptions,
planning and forecasts at the time of publication of this press release.
Therefore, SMARTRAC N.V. does not assume any responsibility relating to
forward-looking statements contained in this press release. Furthermore,
SMARTRAC N.V. does not assume any obligation to update the forward-looking
statements contained in this press release.


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Language:     English
Company:      SMARTRAC N.V.
              Strawinskylaan 851
              1077 XX  Amsterdam
              Netherlands
Phone:        +31 20 30 50 157
Fax:          +31 20 30 50 155
E-mail:       investor.relations@smartrac-group.com
Internet:     www.smartrac-group.com
ISIN:         NL0000186633
WKN:          A0JEHN 
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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