Masterflex AG / Change of Personnel/Change of Personnel
18.03.2008
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Ad hoc notification in line with Article 5 of the Securities Trading Act
Personnel Matters
Move at the top of Masterflex AG
Dr. Andreas Bastin new CEO
Masterflex AG with successful 2007 financial year: revenue: +19.8%, EBIT:
+51.6%
Gelsenkirchen, Germany 18 March 2008. The CEO at Masterflex AG (ISIN
DE0005492938), Detlef Herzog, requested the Supervisory Board in its
meeting today not to extend his contract which runs out at the end of
March.
One of the company founders and main shareholders of the company, Herzog
(62) wants to take up new challenges in line with his life planning.
However, should the Supervisory Board wish, he will remain available to
Masterflex AG as a consultant or as a member of the Supervisory Board.
The Supervisory Board would like to thank Detlef Herzog for over 20 years
of successful service at Masterflex AG. Since the beginning in 1987 he
played a decisive role in building up what is today a globally operating
listed company with almost 800 employees. The Supervisory Board would like
to wish him all the best for the future.
The Masterflex AG Supervisory Board unanimously appointed Dr. Andreas
Bastin as new CEO with effect from 1 April 2008. The engineer has been on
the Masterflex AG Management Board since December 2006, most recently
responsible for the key business area High-Tech Hose Systems, Medical
Technology and Advanced Material Design.
Masterflex AG ended the 2007 financial year successfully. Group revenue
improved by 19.8% to almost 139 million and Group EBIT by 51.6% to 15.4
million. Both figures were thus in the forecast corridor. For this reason,
at the Supervisory Board Accounts meeting, it was resolved to propose the
payment of a dividend of 0.80 to the Masterflex AG Annual General Meeting
on 4 June 2008. The complete consolidated financial statements will be
published on 31 March 2008.
Further information: Masterflex AG, Investor Relations, Willy-Brandt-Allee
300,D-45891 Gelsenkirchen, stephanie.kniep@masterflex.de, Tel. +49 209
9707744.
DGAP 18.03.2008
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Language: English
Issuer: Masterflex AG
Willy-Brandt-Allee 300
45891 Gelsenkirchen
Deutschland
Phone: +49 (0)2099 70 77-44
Fax: +49 (0)2099 70 77-20
E-mail: Kniep@masterflex.de
Internet: www.masterflex.de
ISIN: DE0005492938
WKN: 549 293
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: Masterflex AG: Move at the top of Masterflex AG
| Source: EQS Group AG