PSI Software SE

Board/Management Information • Jan 16, 2013

News Details

Corporate | 16 January 2013 12:09

Change in Management Board at PSI AG

PSI Aktiengesellschaft / Key word(s): Change of Personnel

16.01.2013 / 12:09

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Change in Management Board at PSI AG
- Harald Fuchs joins Group's Management Board
- Armin Stein resigns from the company as of 30 June 2013
- Dr. Harald Schrimpf extends his contract for an additional five years

Effective 1 July 2013, Harald Fuchs (48) has been named to the Management
Board of the PSI AG. He will follow Armin Stein (61), who is resigning from
the company with the end of his contract on 30 June 2013. At the same time,
Dr. Harald Schrimpf (48) has extended his contract for another five years
until 30 June 2018 and has been named the Chairman of the Management Board.

Harald Fuchs, as the Head of Finances and Controlling, has been active in
the business unit Electrical Energy of PSI AG since 2011. Prior to that he
held a number of senior commercial positions in the RWE, Continental and
Alpine Energy Group within Germany, the USA and Austria. Harald Fuchs
studied business management in Germany, the United Kingdom and the USA.

Prof. Dr.-Ing. Rolf Windmöller, Chairman of the Supervisory Board, is
grateful to Armin Stein for his commitment to the company. 'PSI AG owes a
lot to Armin Stein. His personal engagement in the last twelve years has
contributed much to the PSI success story: restructuring of the company,
making it able to offer a dividend, being included in the TecDAX are only
some of the milestones. Seldom have I met a business leader who has so
successfully managed the strategic and performance-based development of a
company as has Armin Stein. He will remain associated with the company
beyond the 30th of June 2013 and the Supervisory Board is grateful for
that.'

'The Supervisory Board extended the contract with Dr. Harald Schrimpf in
recognition of his performance for PSI in recent years, but as well for its
confidence in his future engagement for the company,' says Prof. Dr.-Ing.
Windmöller. 'Along with the change in the Management Board Dr. Schrimpf
will be named the Chairman of the Management Board. In this manner, the
Supervisory Board foresees the continuation of the strategic and economic
development of the company. We look forward to the continuing cooperation
with Dr. Schrimpf and welcome Mr. Fuchs as a new member of the Management
Board.'

On the basis of its own software products, PSI AG develops and integrates
complete solutions for energy management (electricity, gas, oil, heat),
production management (metals, automotive, mechanical engineering, mining,
logistics) and infrastructure management for transport and safety. PSI was
founded in 1969 and employs approximately 1,600 persons worldwide.
www.psi.de

PSI AG
Karsten Pierschke
Head of Investor Relations and Corporate Communications
Dircksenstraße 42-44
10178 Berlin
Germany

Phone +49 30 2801-2727
Facsimile +49 30 2801-1000
E-Mail: KPierschke@psi.de

End of Corporate News

The picture belonging to this press release can be found here:
http://newsfeed2.equitystory.com/psi/199208.html
Caption: Harald Fuchs, ab 1. Juli 2013 neu im PSI-Vorstand

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Language: English
Company: PSI Aktiengesellschaft
Dircksenstraße 42-44
10178 Berlin
Germany
Phone: +49 (0)30 2801-0
Fax: +49 (0)30 2801-1000
E-mail: ir@psi.de
Internet: www.psi.de
ISIN: DE000A0Z1JH9
WKN: A0Z1JH
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart

End of News DGAP News-Service

199208 16.01.2013