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Dürr Announces Change in the Board of Management

Published on 2007-03-06. Author : SpecialChem

Stuttgart -- At its meeting, 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.

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.

Source: The Dürr Group

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