HWA AG

Board/Management Information • Sep 25, 2012

News Details

Corporate | 25 September 2012 08:00

Eric Nève joins HWA AG Management Board

HWA AG / Key word(s): Change of Personnel

25.09.2012 / 08:00

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Eric Nève joins HWA AG Management Board

Affalterbach, 25 September 2012 – HWA AG’s Supervisory Board has appointed Eric Nève (49) as an additional member of the Company’s Management Board. He will take up his duties on 1 October 2012. In the reorganised Management Board, he will be responsible for Marketing and New Business. Gerhard Ungar, until now sole member of the Management Board, will be appointed Chairman.

Eric Nève was Motor Sport Director of Chevrolet Europe from December 2004, and was responsible for Chevrolet’s successful World Touring Car Championship program.

He was born in France, and grew up in Belgium. He graduated in International Trade and Finance from the Institut des Hautes Etudes Economiques et Sociales (IHEES) in Brussels. Eric Nève is a motor sport fan and has dedicated his entire career to the automobile industry and motor sport. He began his career at Renault in 1986, and moved to General Motors (GM) in 1993.

Hans Werner Aufrecht, Chairman of HWA AG’S Supervisory Board, comments on the new appointment: ‘Eric Nève’s technical expertise and experience in motor sport worldwide are of enormous value to us. I am convinced that he will be a great help to us in developing and diversifying HWA AG’s existing and future activities.’

Gerhard Ungar, HWA AG’s Managing Director, is looking forward to working with his new colleague: ‘He will be responsible for the Marketing and New Business functions. With somebody like Eric Nève as my right-hand man, I will be able to concentrate more closely on HWA AG’s current and future projects.’

Eric Nève: ‘I am proud to be joining such a strongly performing operation as HWA AG, and am happy to be part of such an enthusiastic team. Our objectives are to continue to diversify the business, and to introduce a wide range of services in motor sport and engineering for new customers.’

Contact:

Investor Relations

HWA AG

Benzstraße 8

71563 Affalterbach

Phone: + 49/ (0) 7144/ 8717- 279

Fax: + 49/ (0) 7144/ 8718- 111

ir@hwaag.com

www.hwaag.com

Company profile HWA AG:

HWA AG was founded in 1998 as a spin-off from AMG, which was established in 1967 by Hans Werner Aufrecht as the Mercedes-Benz customisation specialist. Towards the end of 1998 Aufrecht sold a majority interest in AMG Motoren- und Entwicklungsgesellschaft mbH, as it then was, to Daimler AG. In the course of the disposal, motor racing, what is today the AMG-Mercedes team in the German Touring Car Championship (DTM) and parts of the vehicles and components business was spun off and transferred to HWA AG. In the motor racing business, HWA AG acts as a full service provider to Daimler AG Motorsport in the DTM. It is responsible for the whole process of development and construction of the racing cars, including the motors, together with all other activities involved in the racing team’s operations. In its vehicles and components business, it develops and builds cars and vehicle components for the automobile industry. Since 2003 HWA AG has been producing and servicing racing engines for the Formula 3 Euroseries and the British Formula 3 Series.

End of Corporate News

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Language:	English
Company:	HWA AG
	Benzstraße 8
	71563 Affalterbach
	Germany
Phone:	+49 (0)7144 87 17-279
Fax:	+49 (0)7144 87 18-111
E-mail:	ir@hwaag.com
Internet:	http://www.hwaag.com
ISIN:	DE000A0LR4P1
WKN:	A0LR4P
Listed:	Freiverkehr in Berlin, Düsseldorf, München, Stuttgart; Entry Standard in Frankfurt

End of News	DGAP News-Service

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