EANS-Adhoc: Kapsch TrafficCom expands the Executive Board
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.
17.03.2010
Vienna, 17 March 2010 - Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed in the prime market segment of the Vienna Stock Exchange, appoints André Laux as third member to the Executive Board in addition to Georg Kapsch (CEO) and Erwin Toplak (COO) with effect from 1 April 2010.
André Laux has been the CEO of Kapsch TrafficCom AB (Sweden), a material subsidiary of Kapsch TrafficCom AG, since February 2008 and was in a leading role in the recent contract award in South Africa. Mr. Laux will continue to manage the business in Sweden and the holding company in South Africa and will, furthermore, assume functions in the parent company.
André Laux has many years of experience in top management positions in technology-oriented companies. The 47-year-old German national began his professional career in different sales and management functions both internationally and domestically (1988-1997) after completing a degree in business administration in Germany and England. In 1997, he became director of the German chip maker ODS Landis & Gyr in Munich. In 2000, Laux transferred within the group to be become CEO of Skidata AG in Salzburg. In 2004, he took over as CEO of Winter AG in Munich. Based on his career so far, André Laux has lots of international sales experience in developing new markets. He also has been very successful in designing and implementing integration processes as well as new organizational structures.
Kapsch TrafficCom is an international supplier of innovative road traffic telematics solutions. Its principle business is the development and supply of electronic toll collection (ETC) systems, in particular for the multi-lane free-flow (MLFF) of the traffic, and the technical and commercial operation of such systems. Kapsch TrafficCom also supplies traffic management systems, with a focus on road safety and traffic control, and electronic access systems and parking management. With more than 230 references in 38 countries in all 5 continents, and with more than 16 million delivered on-board units (OBUs) and 12,000 equipped lanes, Kapsch TrafficCom has positioned itself among the leading suppliers of ETC systems worldwide. Kapsch TrafficCom is headquartered in Vienna, Austria, and has subsidiaries and representative offices in 23 countries.
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Further inquiry note:
Marcus Handl
Investor Relations
Kapsch TrafficCom AG
Tel: +43 (0) 50 811 1120
Am Europlatz 2, A-1120 Vienna, Austria
E-mail: ir.kapschtraffic@kapsch.net
www.kapschtraffic.com
Branche: Technology
ISIN: AT000KAPSCH9
WKN:
Index: Prime Market
Börsen: Wien / official market