Homag Group AG’s CFO leaves the company of his own volition / Ad hoc announcement
Mr. Andreas Hermann, member of the management board responsible for finance, IT and human resources (CFO), asked the supervisory board to end his contract prematurely for personal reasons and will accordingly leave Homag Group AG of his own volition and by mutual agreement as of March 31, 2011.
The supervisory board of Homag Group AG would like to expressly thank Andreas Hermann for his work and his special contribution to the further development of the HOMAG Group. This also extends in particular to his great commitment to the successful IPO in 2007 in which he was instrumental.
The supervisory board has already started looking for a suitable successor. The company will announce on a timely basis when the position has successfully been filled. As Mr. Hermann is not leaving the company until March 31, 2011, this will ensure a seamless handover to the new CFO.