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 Management Board 24.01.2013 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 & Innovation; Communications - 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 eleven countries. 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 components. 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: Filip MIERMANS Head of Corporate Communications and Marketing Services T: +43/7613/2541-1123 M: +43/664/88455765 mailto: email@example.com Investoren/Analysten MMag. Markus Hofer Vice President Corporate Finance Tel.: +43/7613/2541-1138 mailto:firstname.lastname@example.org issuer: Miba Aktiengesellschaft Dr.Mitterbauer-Straße 3 A-4663 Laakirchen phone: 07613/2541-0 FAX: 07613/2541-1010 mail: email@example.com WWW: www.miba.com sector: Industrial Components ISIN: AT0000734835 indexes: Standard Market Auction stockmarkets: official market: Wien language: English 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
EANS-Adhoc: Miba Aktiengesellschaft / Changes on the Management Board of Miba AG as of July 1, 2013
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