31.10.2017 – 07:05

Conzzeta

EQS-Adhoc: Conzzeta: Michael Riedel named new CEO of FoamPartner

EQS Group-Ad-hoc: Conzzeta / Key word(s): Change of Personnel
Conzzeta: Michael Riedel named new CEO of FoamPartner

31-Oct-2017 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

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Change in the Executive Committee
Michael Riedel named new CEO of FoamPartner

Zurich, October 31, 2017 - The Conzzeta AG Board of Directors has appointed
Michael Riedel as the new CEO of FoamPartner. He will assume the position on
January 1, 2018 and will join the Conzzeta AG Executive Committee.

Dr. Michael Riedel (49, a German national) has worked in various positions at
Clariant since 2009, including as Head of Business Excellence, overseeing the
integration of Süd-Chemie, and as Head of Industrial and Consumer Specialties
for the EMEA region. He currently holds the most senior human resources position
at the company, Group Head Human Resources. Riedel's earlier professional career
included managerial roles in research and development, production as well as
operations at Höchst, Celanese, and SGL Carbon. He studied chemistry at the
University of Münster, where he also completed a PhD in experimental chemistry.

This change at the FoamPartner helm and in the Conzzeta AG Executive Committee
is part of the Group's existing growth strategy. Michael Willome, Conzzeta Group
CEO, comments: "Michael Riedel offers the ideal combination of experience and
skills required for the next stage in FoamPartner's development. In terms of
business scale, we are venturing into new territory with the integration of Otto
Bock Kunststoff. Together, we want to take advantage of the growth
opportunities, also those that have emerged from the recent reorganization of
the joint ventures in Asia and North America."

The current CEO of FoamPartner, Bart J. ten Brink (52), will resign as of the
end of 2017 from his responsibilities as CEO as well as from Conzzeta AG's
Executive Committee. The Board of Directors and Bart J. ten Brink have decided
together, after eight years as CEO, to place FoamPartner's management into new
hands. Bart J. ten Brink wishes to pursue a new challenge outside the Group.
Michael Willome, Conzzeta Group CEO, comments: "Bart J. ten Brink will accompany
the handover to his successor. I would like to thank him for his many years of
successful service. Under his leadership, FoamPartner has become one of the
world's leading providers of foam materials."

Notes to editors: A photograph of Dr. Michael Riedel is available on the
Conzzeta website.

Inquiries:
Michael Stäheli, Head Investor Relations & Corporate Communications;
Tel. +41 44 468 24 49;  media@conzzeta.com

About Conzzeta
Conzzeta is a broadly diversified Swiss group of companies. It represents
innovation and reliability with a long-term perspective. Conzzeta strives for
leading positions in its target markets, above-average growth and long-term
value creation. Over 4600 employees at more than 60 locations worldwide are
dedicated to offering customers innovative solutions in Sheet Metal Processing,
Sporting Goods, Foam Materials, Graphic Coatings and Glass Processing. Conzzeta
AG is listed on the SIX Swiss Exchange (SIX:CON).

Additional features:


Document:http://n.eqs.com/c/fncls.ssp?u=CLGYARLVED
Document title: Michael Riedel named new CEO of FoamPartner
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End of ad hoc announcement------------------------------------------------------

Language: English

Company:  Conzzeta

          Giesshübelstrasse 45

          8045 Zürich

          Switzerland

Phone:    +41 44 468 24 49

Fax:      +41 44 468 24 53

E-mail:    info@conzzeta.com

Internet: www.conzzeta.com

ISIN:     CH0244017502

Valor:    A117LR

Listed:   Regulated Unofficial Market in Berlin, Stuttgart; Open Market in
Frankfurt; SIX Swiss Exchange



 

End of Announcement EQS Group News Service

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623825  31-Oct-2017 CET/CEST