euro adhoc: CEAG AG
Changes in CEAG AG leadership

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Changes in CEAG AG leadership

Ostbevern, September 17, 2008 - Today the Supervisory Board of CEAG AG has agreed to reorganize the company's Board of Directors. Effective forthwith, Felix Zimmermann has been appointed CEO of the manufacturer of premium power supplies and chargers of the trade mark FRIWO. He will also remain Managing Director of the affiliated company FRIWO Gerätebau GmbH which runs the operative business of the company group.

The acting CEO of CEAG AG since 1999, Rolf Endress, will leave the company with immediate effect and by amicable consent. Frank Gumbinger, CFO of the company, will also leave CEAG by mutual consent on December 31, 2008. Felix Zimmermann will become the sole CEO of the company.

The Supervisory Board's decisions meet the requirements of the distinctly smaller business volume and revised strategic focus of the CEAG Group after the sale of the business unit FRIWO Mobile Power in May 2008. If possible, the company intends to suggest to the next shareholders' meeting another dividend payout linked to the remaining liquidity of this business unit's sale.

end of announcement                               euro adhoc

Further inquiry note:

Gudrun Richter
Investor Relations
Telefon: +49 (0) 2532-81-158

Branche: Semiconductors & active components
ISIN: DE0006201106
WKN: 620110
Index: CDAX
Börsen: Börse Hamburg / free trade
Börse München / free trade
Börse Berlin / regulated dealing
Börse Stuttgart / regulated dealing
Börse Düsseldorf / regulated dealing
Börse Frankfurt / regulated dealing/general standard

Original-Content von: FRIWO AG, übermittelt durch news aktuell

Weitere Meldungen: FRIWO AG

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