Pfleiderer AG
Pfleiderer AG: Management Change at Pfleiderer AG
Pfleiderer AG / Key word(s): Change of Personnel 17.12.2012 / 13:13 --------------------------------------------------------------------- Management Change at Pfleiderer AG - Michael Wolff appointed as Executive Board Spokesman effective 1 January 2013 - Richard Mayer Executive Board member (CFO) effective 1 January 2013 - Hans-Joachim Ziems and Elmar Geissinger leave the company effective 31 December 2012 following the successful reorganisation - Relaunch of the Pfleiderer Group with new product and sales concept Düsseldorf, 17 December 2012 - The Supervisory Board of Pfleiderer AG has appointed Mr. Michael Wolff (52) as member of the Executive Board and Spokesman of the Executive Board effective 1 January 2013. Also effective on 1 January 2013, Mr. Richard Mayer (50) has been appointed as Executive Board member (Chief Financial Officer) for the company. The two current Executive Board members Hans-Joachim Ziems and Elmar Geissinger have resigned as board members effective 31 December 2012 and will be parting ways with the company on that date. As previously announced, this step follows the successful reorganisation of the Pfleiderer Group. The Supervisory Board sincerely thanks Mr. Ziems and Mr. Geissinger for their extraordinary performance and achievements in the course of a highly complex reorganisation and realignment of the engineered wood manufacturer group. Michael Wolff, the future Spokesman of the Executive Board, has been active in the Pfleiderer Group since 2004. He will be performing his duties as Executive Board member in addition to his current functions as Chairman of the Board for the Business Centre Western Europe and of Pfleiderer Holzwerkstoffe GmbH with headquarters in Neumarkt/Upper Palatinate. Since December 2011, Wolff has also held the position of Chairman of the Supervisory Board for the listed company Pfleiderer Grajewo S.A. in Poland (Pfleiderer share: 65 %), which represents the group's Business Centre Eastern Europe. Michael Wolff has played a major role in the reorganisation and development of the Western European business. Mr. Richard Mayer (50) is joining the company as Chief Financial Officer (CFO). He worked more than 17 years for Wacker Neuson SE, a group for construction and compact machines listed in the SDax, thereof 12 years as member of the Executive Board. Mr. Richard Mayer is a business administration graduate with extensive experience in classic business management functions as well as the optimisation of business processes. Michael Wolff: 'Pfleiderer is now in a position to focus all of its energy on the future and on business operations. We have made good use of this year for the further development of our market strategy as well as our products and services, in addition to strengthening our market presence. Starting in 2013, we are presenting ourselves to our customers exclusively under the Pfleiderer umbrella brand. In doing so, we see ourselves as an integrated supplier of high-quality and sustainable engineered wood products with extensive expertise in the areas of decorative surfaces and services. We have harmonised sales and will have a strong focus on the industry, distributor and commercial business sectors. The new world of Pfleiderer will be presented to the public at the BAU 2013 trade fair in Munich in mid-January. With the new organisation we are heading into the new year with confidence.' About the new Pfleiderer Group Pfleiderer is a leading European manufacturer of engineered wood materials. Group sales are expected to total more than EUR 1 billion for 2012. The company has around 3,500 employees group-wide in its two business units, the Business Centre Western Europe and the Business Centre Eastern Europe. Under the Pfleiderer umbrella brand, the BC Western Europe combines the Duropal, wodego and Thermopal product ranges and is a partner for industry, distributors, trades, planners and architects. The company has five production plants in Germany. In the BC Eastern Europe, Pfleiderer has a majority interest in the listed Polish subsidiary Pfleiderer Grajewo S.A., which holds a strong market position in the Polish engineered wood material market. Contact: Frank Elsner Frank Elsner Kommunikation für Unternehmen GmbH phone: + 49 89 99 24 96 30 Mail: office@elsner-kommunikation.de End of Corporate News --------------------------------------------------------------------- 17.12.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Pfleiderer AG Kennedydamm 55 40476 Düsseldorf Germany Phone: +49 (0) 211 929 638 20 Fax: +49 (0) 211 929 638 23 E-mail: lothar.sindel@pfleiderer.com Internet: www.pfleiderer.com ISIN: DE0006764749 WKN: 676474 End of News DGAP News-Service --------------------------------------------------------------------- 197143 17.12.2012
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