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Funkwerk AG — Board/Management Information 2012
Apr 20, 2012
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Board/Management Information
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Ad-hoc | 20 April 2012 15:30
Funkwerk adds to Executive Board – Reorientation advanced
Funkwerk AG / Key word(s): Change of Personnel
20.04.2012 15:30
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 adds to Executive Board - Reorientation advanced
Kölleda, April 20, 2012 - The Supervisory Board of Funkwerk AG (WKN 575
314) has appointed Mr. Dr Christian Baur (42) to the group's Executive
Board with effect from April 20, 2012. Restructuring expert Dr Baur,
Managing Director of consulting firm Alvarez & Marsal Germany, will
temporarily reinforce the Executive Board as Chief Restructuring Officer
(CRO) to help consistently implement the group's reorientation. With more
than 16 years of management and consulting experience, Mr. Dr Christian E.
Baur has been involved in a number of successful restructurings, including
the turnaround of a listed supplier of plant and system technology.
In 2011 Funkwerk AG initiated a broad strategic reorientation and has since
completed important milestones. Now focused on its core business, the group
has sold several business units and secured its financing. Enlarging the
Executive Board aims to ensure consistent progress in the restructuring
process throughout 2012. Focus will be given to the establishment of a
basis for effective, profitable growth in the defined national and
international sales markets.
For more information please contact:
Funkwerk AG
Jörg Reichenbach
Investor Relations
Telefon:++49 (0)8091 / 52-126
Fax: ++49 (0)8091 / 52-221
[email protected]
20.04.2012 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