PR Newswire/euro adhoc/
EANS-Adhoc: Miba Aktiengesellschaft / Changes on the Management Board of Miba AG
as of July 1, 2013
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
Management Changes/Generation change on and reduction in the size of the
A D H O C N E W S
Changes on the Management Board of Miba AG as of July 1, 2013
Laakirchen, January 24, 2013. At its meeting today, the Supervisory Board of
Miba AG approved the following changes to the Management Board of Miba AG,
strategic partner to the international engine and automotive industry and
listed in the standard market auction segment of Wiener Börse AG:
Effective July 1, 2013, Chairman of the Management Board Peter Mitterbauer (70)
will resign from the Management Board of Miba AG and he will pass on the
chairmanship to his son, F. Peter Mitterbauer (37).
F. Peter Mitterbauer studied engineering economics and mechanical engineering
at the Vienna University of Technology and graduated from the MBA program at
the Business School Insead. After gathering five years of solid experience at
other international companies, he joined Miba in 2006. Subsequent to the
ensuing one-year deployment at the Miba site in China (Suzhou) and serving as
Managing Director Sales & Marketing for three years in the Friction Group, he
held responsibility on the Management Board for the friction business since
2011 as CEO of the Friction Group.
Likewise effective July 1, 2013, Markus Hofer (41), Vice President Corporate
Finance since October 2011, will be appointed Chief Financial Officer. On the
Management Board of Miba AG, he will assume full responsibility for Corporate
Finance, IT, Business Excellence, and the Internal Control System.
Board Member Norbert Schrüfer will depart from the Management Board of Miba AG
when his contract expires on January 31, 2013, concurrently with the planned
size reduction of this corporate body. He remains CEO of the New Technologies
Group and will serve as Vice President Innovation & Technology, consistently
driving the innovative technological development of the Miba Group.
Management Board of Miba AG, as of July 1, 2013:
- F. Peter Mitterbauer: Chairman of the Management Board, responsible for the
New Technologies Group and Strategy; Human Capital; Controlling; Technology &
- Wolfgang Litzlbauer: Vice Chairman, responsible for the Bearing, Friction and
Coating Groups; Purchasing
- Harald Neubert: responsible for the Sinter Group; Quality
- Markus Hofer: Chief Financial Officer responsible for Corporate Finance; IT;
Business Excellence; Internal Control System.
end of ad-hoc-announcement
About the Miba Group
The listed Miba AG (WKN 872002) is one of Austria's leading industry and
technology corporations. Established in Laakirchen, Upper Austria, in 1927,
today this high-tech Group engineers and produces at more than 20 sites in
Miba products can be found in cars, trucks, construction equipment, trains,
ships, airplanes, and power plants of each of the world's leading manufacturers.
The company specializes in bearings, friction materials, sintered components,
and coatings. In addition, Miba manufactures passive electronic components, such
as resistors and cooling systems that are needed for energy transmission
systems, among other uses. Furthermore, the company engineers and produces
specialized equipment for high-precision mechanical processing of major
Miba has more than 4,000 employees, half of which are based in Austria. In the
2011-2012 business year, net income equaled EUR 592.6 million, with earnings
before interest and taxes (EBIT) of EUR 67.0 million.
Further inquiry note:
Head of Corporate Communications and Marketing Services
MMag. Markus Hofer
Vice President Corporate Finance
issuer: Miba Aktiengesellschaft
sector: Industrial Components
indexes: Standard Market Auction
stockmarkets: official market: Wien
The content and accuracy of news releases published on this site and/or
distributed by PR Newswire or its partners are the sole responsibility of the
originating company or organisation. Whilst every effort is made to ensure the
accuracy of our services, such releases are not actively monitored or reviewed
by PR Newswire or its partners and under no circumstances shall PR Newswire or
its partners be liable for any loss or damage resulting from the use of such
information. All information should be checked prior to publication.
-0- Jan/24/2013 14:58 GMT
Press spacebar to pause and continue. Press esc to stop.