12.03.2009
AD-HOC-RELEASE
Board changes at DEUTZ AG
- Executive Board reduced to three members
- Dr Margarete Haase appointed Chief Financial Officer
Against the backdrop of the unsettled economic environment, the Supervisory Board of DEUTZ AG today decided at its ordinary meeting to reduce the size of the Executive Board from four to three members. For this reason, the Executive Board members Karl Huebser, 63, and Helmut Meyer, 59, will be stepping down from the Board by mutual agreement with effect from 31 March 2009.
Following Mr Huebser’s successful reinforcement of the company organisation within the Asia region, the Supervisory Board has decided that Mr Huebser’s function no longer needs to be exercised at Board level.
The Supervisory Board has appointed Dr Margarete Haase as the new member of the Board. She will be assuming responsibility for the Finance, Human Relations, Investor Relations and Service Departments with effect from 1 April 2009.
Dr Haase is an experienced financial expert. Since 1987 she has held a variety of senior management positions within the Daimler Group, inter alia at DASA, as Finance Director of the Berlin Engine Works and latterly as a member of the Board at Daimler Financial Services AG.
The Supervisory Board thanks Mr Huebser and Mr Meyer for their commitment and dedication and wishes all the best for their future.
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