Wacker Neuson SE — Board/Management Information 2010

Jul 30, 2010

News Details

Corporate | 30 July 2010 14:39

Wacker Neuson SE: CEO and President of Wacker Neuson SE to leave company.

Wacker Neuson SE / Change of Personnel

30.07.2010 14:39

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

---

CEO and President of Wacker Neuson SE to leave company.

(Munich, July 30, 2010) Dr. Georg Sick, CEO and President of Wacker Neuson
SE, has informed the Supervisory Board that he will not be seeking to renew
his contract once it expires on July 31 of this year. At the request of the
Supervisory Board, Dr. Sick has agreed to continue as CEO until the end of
the calendar year. Dr. Sick has been a member of Group management for 15
years. Following the conversion to a stock corporation (AG) in 2002, Dr.
Sick was initially responsible for development and production on the Board,
moving on to become CEO and President in 2005. Dr. Sick intends to pursue
new business opportunities. The company will be looking for an external
successor.

Dr. Sick is leaving the company as the market shows dynamic signs of a
rebound. The Group has returned to a growth path with high order intake,
positive earnings and an equity ratio in excess of 75 percent. Dr. Sick was
responsible for technology in the Group for many years. Under his
leadership, numerous innovative products were developed and successfully
launched.

'Under Dr. Sick's management, the Group experienced strong organic growth,
flanked by successful acquisitions and culminating in the merger with
Neuson Kramer AG, a move that was extremely well received by the market.
The Supervisory Board regards the long-term alliance with Caterpillar,
which was finalized a few weeks ago under Dr. Sick's leadership, as a
significant milestone in the company's future development. We regret Dr.
Sick's decision to leave the company and have asked him to continue as CEO
until the end of the year,' states Hans Neunteufel, Chairman of the
Supervisory Board.

'I am proud to have been able to serve the Group during an extremely
interesting period of growth that was only briefly interrupted by the
economic downturn,' Dr. Sick explains. 'In addition to tackling various
technology challenges, I was particularly keen to drive the company's
transition from a hidden champion to a strong capital market player while
retaining its corporate culture. Company finances are strong. We have
established a prime position in markets across the globe and have highly
qualified managers and staff on board. The other members of the Executive
Board are committed long term to the company. So this seems to be the right
time for me to take on new challenges again.' Dr. Sick agreed to the
Supervisory Board's request to extend his term of office until the end of
the year.

About Wacker Neuson
Wacker Neuson SE is a global manufacturer of light and compact equipment.
With over 30 affiliates and more than 180 sales and service stations across
the globe, the company offers an exceptionally broad product portfolio.
Manufacturing activities are distributed across three German, one Austrian,
two American and one Philippine production sites. Almost all products
manufactured by the company are branded Wacker Neuson. The only exceptions
to this in Europe are Kramer Allrad products and Weidemann-branded
agricultural machinery. With over 300 product categories and complementary
rental, spare parts and repair services, Wacker Neuson is the partner of
choice among professional users in construction, gardening, landscaping and
agriculture, as well as among municipal bodies and companies in the
industrial and recycling sectors.

Your contact partner at Wacker Neuson:

Wacker Neuson SE
Katrin Neuffer
Preussenstrasse 41
80809 Munich
Tel. +49 - (0)89 - 354 02 - 173
katrin.neuffer@wackerneuson.com
Internet: www.wackerneuson.com

30.07.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

Language: English
Company: Wacker Neuson SE
Preußenstr. 41
80809 München
Deutschland
Phone: +49 - (0)89 - 354 02 - 0
Fax: +49 - (0)89 - 354 02 - 390
E-mail: info@wackerneuson.com
Internet: www.wackerneuson.com
ISIN: DE000WACK012
WKN: WACK01
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hannover, München, Hamburg, Stuttgart

End of News DGAP News-Service

---