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13.12.2010 – 11:40

Basler AG

EANS-News: Basler AG
Basler AG expands Management Board

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.

Board of Directors (Appointments and Changes)

Ahrensburg (euro adhoc) - Ahrensburg, December 13, 2010 - The supervisory board of Basler AG has appointed Arndt Bake (43) to the Management Board. Effective January 1st, 2011 Bake will complement Chief Executive Officer Dr. Dietmar Ley and Chief Commercial Officer John Jennings. As Chief Operations Officer Bake will be responsible for product management, production and supply chain management.

Arndt Bake has a master degree in electronics engineering and an MBA degree. In his former business career he worked in product marketing functions. After joining Basler in 2001, Bake took responsibility for the product marketing of the Components business segment. From 2004 to mid of 2009 he lead the Components business segment. Since then Arndt Bake oversees the entire operational business of Basler AG.

Norbert Basler, founder and supervisory board chairman of Basler AG explains: "By promoting Arndt Bake to the Management Board we highly appreciate his substantial contribution to the very successful development of our camera business during the past 10 years. The supervisory board is convinced that this well-attuned management board will successfully execute our camera-focused corporate strategy and harvest Basler AGs huge growth potential in current and future markets."

Basler AG is a worldwide leader in digital cameras for applications in industry & video surveillance. Headquartered in Ahrensburg (Germany), Basler runs subsidiaries in the US, Singapore and Taiwan. The Basler stock is listed in the prime standard of Deutsche Börse (ISIN: DE0005102008).

Further Information: Maren Schuster- Investor Relations Tel. +49 (0) 4102 - 463 100, Basler AG, An der Strusbek 60-62, D-22926 Ahrensburg

end of announcement                               euro adhoc

Further inquiry note:

Maren Schuster
Investor Relations
Telefon: +49(0)4102 463-100

Branche: Semiconductors & active components
ISIN: DE0005102008
WKN: 510200
Index: CDAX
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade

Original content of: Basler AG, transmitted by news aktuell

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