Changes to the management board of HOMAG Group AG / Ad hoc announcement
Homag Group AG / Key word(s): Change of Personnel
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.
Schopfloch, December 16, 2010. At its meeting today, the supervisory board of HOMAG Group AG appointed Hans-Dieter Schumacher effective January 15, 2011 and Dr. Markus Flik effective April 1, 2011 to the HOMAG Group AG's management board. Hans-Dieter Schumacher will replace Andreas Hermann as CFO as of April 1, 2011. In August 2010, Andreas Hermann requested the supervisory board to terminate his employment agreement early for personal reasons; he will be leaving HOMAG Group AG as of March 31, 2011. Dr. Markus Flik will replace Rolf Knoll as CEO as of July 1, 2011. Rolf Knoll will retire as planned upon expiry of his employment agreement and will continue to serve the Company thereafter in a consulting capacity.
Information and Explaination of the Issuer to this News:
With its 16 specialized production companies worldwide, 20 group-ownedsales and service companies and approximately 60 exclusive sales partners,HOMAG Group AG's market position is excellent and its portfolio as acomprehensive system supplier and technology partner makes it unique.Backed by a workforce of some 5,000 employees, the company sees itself asthe leading global manufacturer for plants and machinery for thewoodworking and wood materials industry for the production of furniture andconstruction elements as well as timber frame houses. The group also offersits customers a wide range of services in related areas for productionmachines and equipment. HOMAG Group AG shares have been trading on thePrime Standard of the Frankfurt Stock Exchange since July 13, 2007 and werelisted on the SDAX of the German Stock Exchange on October 2007.
HOMAG Group AG
Tel.: +49 7443 13-3125
16.12.2010 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
Company: Homag Group AG, Homagstr. 3-5, 72296 Schopfloch, Deutschland
Phone: +49 (0)7443 / 13 – 0
Fax: +49 (0)7443 / 13 – 2300
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
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