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Funkwerk AG — Board/Management Information 2012
Aug 31, 2012
5398_rns_2012-08-31_d7540afd-d8c7-40bd-8b85-372182cd4cee.html
Board/Management Information
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Ad-hoc | 31 August 2012 11:30
Funkwerk restructures Executive Board
Funkwerk AG / Key word(s): Change of Personnel
31.08.2012 11:30
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Funkwerk restructures Executive Board
Dr.-Ing. Manfred Lerch to be sole director
Kölleda, 31 August 2012 - The Supervisory Board of Funkwerk AG has
announced its decision to reorganise the company's Executive Board. In the
context of restructuring and the related downsizing, Funkwerk AG will in
future be managed by a single director. This function will be assumed by
Dr.-Ing. Manfred Lerch (52), who will be appointed to the board with effect
from 1 November 2012.
The two current members of the board, Johann M. Schmid-Davis (38) and
Carsten Ahrens (49), will leave the company at their own request on expiry
of their contracts at the end of 2012. Restructuring expert Dr. Christian
E. Baur (42), who had been appointed to the board in April 2012 as a
temporary measure, will continue on in his role until completion of the
restructuring project developed by consulting firm Alvares & Marsal to help
consistently implement the group's reorientation.
In the course of his professional career, Dr.-Ing. Manfred Lerch has
focused on rail systems and the railway industry. In this context, he
previously held a managerial position at Voith Turbo GmbH & Co. KG,
Heidenheim, where he was responsible for the rail segment. Most recently,
he served as chairman of the board at Balfour Beatty Rail GmbH, Munich, and
in this capacity was part of the executive team for the rail division of
international construction and services corporation Balfour Beatty. Since
2002 he also served on the Executive Committee of the German Railway
Industry Association. The appointment of Dr.-Ing. Manfred Lerch is a
further step in the consistent endeavour of Funkwerk AG to focus on its
core segments, particularly the pivotal area of rail systems.
For more information please contact:
Funkwerk AG
Alfons Hörmann
Chairman of the Supervisory Board
Phone: 08091 / 52-191
Fax: 08091 / 52-180
[email protected]
31.08.2012 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: Funkwerk AG
Im Funkwerk 5
99625 Kölleda
Germany
Phone: +49 (0)3635 600 0
Fax: +49 (0)3635 600 507
E-mail: [email protected]
Internet: www.funkwerk.com
ISIN: DE0005753149
WKN: 575314
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service