Dürr Aktiengesellschaft / Change of Personnel
Release 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.
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Stuttgart, March 5, 2007 – At its meeting today, the Presidium of the
Supervisory Board of Dürr AG proposed to the Supervisory Board that
Mr. Ralph Heuwing (40) be appointed as a full member of the Board of
Management with effect from May 14, 2007. Ralph Heuwing will take over the
responsibilities of Martin Hollenhorst (47) as Chief Financial Officer.
Following the successful turnaround of the Dürr Group Martin Hollenhorst
had given notice that he did not wish to renew his contract of employment
which expires in April 2008. The Presidium has therefore proposed to the
Supervisory Board that his contract of employment be dissolved prematurely
by mutual agreement. Martin Hollenhorst will take part at the company’s
Annual General Meeting on May 18, 2007, and leave the company on May 21,
2007.
The presidium of the Supervisory Board of Dürr AG, thanks Martin
Hollenhorst for his successful work on behalf of Dürr and wishes him all
the best for the future.
Ralph Heuwing is partner and managing director at Boston Consulting Group,
where he has been working since 1990, latterly as a member of the
management team for Germany, Austria and Greece. Ralph Heuwing has
experience in strategy, organization and efficiency enhancement not only in
mechanical and plant engineering but also in the banking sector. Ralph
Heuwing acquired international experience amongst others during a number of
years spent building up the management consulting business in India in the
late 1990s.
Ralph Heuwing received a degree in Mechanical Engineering from the RWTH
Aachen and an MBA from the Business School INSEAD in Fontainebleau. He also
spent a year as visiting scholar at the Sloan School of Management at the
Massachusetts Institute of Technology in Boston. Ralph Heuwing is married
and has two children.
Contact:
Dürr AG
Günter Dielmann
Corporate Communications & Investor Relations
Phone +49 (0)711 136-1785
Fax +49 (0)711 136-1716
E-mail corpcom@durr.com
Information and Explaination of the Issuer to this News:
The Dürr Group is one of the world’s leading suppliers of products,
systems, and services for automobile manufacturing. Its range embraces
important stages in the vehicle production process. As a systems supplier,
Dürr designs and builds paint shops and final assembly plants. Dürr also
supplies cleaning and filtration equipment used in the production of engine
and transmission components as well as balancing and diagnostic systems for
vehicle components. Business with automobile manufacturers and their
suppliers accounts for about 90% of consolidated sales. Other important
customer groups are the mechanical engineering sector and the chemical,
pharmaceutical, coating, and aviation industries.
DGAP 05.03.2007
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Language: English
Issuer: Dürr Aktiengesellschaft
Otto-Dürr-Strasse 8
70435 Stuttgart - Zuffenhausen Deutschland
Phone: +49 (0)711 136-0
Fax: +49 (0)711 136-1034
E-mail: investor.relations@durr.com
www: www.durr.com
ISIN: DE0005565204
WKN: 556520
Indices: SDAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg
End of News DGAP News-Service