euro adhoc: Kaba Holding AG
other
Andreas Brechbühl appointed new
head of Access Asia Pacific Division
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
30.05.2005
Rümlang, May 31, 2005 - Kabas Board of Directors has appointed Andreas Brechbühl the new COO of the Access Asia Pacific Division as of July 1, 2005. On the same date, Brechbühl will join the Executive Board.
Andreas Brechbühl, 47, who holds an HSG degree in business administration, will contribute extensive Asian market experience to Kabas management team. Prior to joining Kaba, the Hong Kong resident was General Manager with Hilti since 2003. Previously, he was Senior Vice-President Asia with the Diethelm Keller Group for nearly 9 years. His career also includes posts with Ciba Vision, Jacobs Suchard, and Unilever. Brechbühl will head up the Asia Pacific Division as of July 1, 2005, and concurrently join Kabas Executive Board.
On the occasion of this change in management, the hub of Access Asia Pacific Division will be moved to Hong Kong. This allows activities in the Pacific Rim to be coordinated locally. At the same time, Kaba intends to strengthen its presence in the Chinese market and expand its business in this significant economic region. Kaba is convinced that these measures create ideal prerequisites for a continuation of the divisions successful development and the continuity of the Groups operations in the Asia Pacific region.
Heribert Allemann, the divisions previous Chief Operating Officer, will focus as Deputy CEO on strategically important corporate development projects.
Kaba is a globally active, publicly traded security corporation. With its «Total Access» strategy, the Kaba Group is specialized in integrated solutions for security, organization, and convenience at building and information access points. Kaba is also the world markets No. 1 provider of key blanks, key cutting and coding machines, transponder keys, and high security locks. It is a leading provider of electronic access systems, locks, master key systems, hotel locking systems, security doors, and automatic doors.
This communication contains certain forward-looking statements including statements using the words "believes", "assumes", "expects" or formulations of a similar kind. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which could lead to substantial differences between the actual future results, the financial situation, the development or performance of the Company and those either expressed or implied by such statements. Such factors include, among other things: competition from other companies, the effects and risks of new technologies, the Company's continuing capital requirements, financing costs, delays in the integration of acquisitions, changes in the operating expenses, the Company's ability to recruit and retain qualified employees, unfavorable changes to the applicable tax laws, and other factors identified in this communication. In view of these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Company accepts no obligation to continue to report or update such forward-looking statements or adjust them to future events or developments.
end of announcement euro adhoc 31.05.2005 03:30:00
Further inquiry note:
Jean-Luc Ferrazzini, Chief Communications Officer; Tel. +41 79 818 30
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Branche: Semiconductors & active components
ISIN: CH0011795959
WKN: 1179595
Index: SPI
Börsen: SWX Swiss Exchange / official dealing