14. Nov 2012

WashTec AG: Changes in the Management Board


WashTec AG / Key word(s): Change of Personnel

14.11.2012 / 18:20


Press release
WashTec AG: Changes in the Management Board

Augsburg, November 14, 2012 - WashTec AG, the leading provider of innovative vehicle washing solutions worldwide, announces changes in the management board.

At its meeting today, the Supervisory Board appointed two new members to the Management Board of WashTec AG: Dr.-Ing. Jürgen Rautert (54) will serve as Chief Operating Officer (COO) and Dr. rer. oec., Dr.-Ing. Stefan Vieweg, CFA, (47) as Chief Financial Officer (CFO). The new Management Board members will commence their service at the beginning of 2013.

Mr. Michael Busch will continue to serve as Spokesman of the Management Board for an interim phase of two months after the new management board members have joined WashTec. Once Mr. Busch returns to the Supervisory Board, Dr. Rautert will assume the function of the Spokesman of the Management Board and CEO.

Dr. Rautert has long-term international experience as management board member and has inter alia served as chief sales and chief technology officer of the management board of Heidelberger Druckmaschinen AG for many years.

Dr. Vieweg currently serves as CFO Managed Services of Atos Deutschland, and prior to that position, served as head of Controlling at Vodafone Group plc. for a long time.

'We were able to appoint two very experienced managers after an intensive selection procedure. They will push the strategic alignment of WashTec with increased speed and focus on innovations and developing new growth areas. With their expertise and experience from former positions, Dr. Rautert and Dr. Vieweg will, together with the WashTec management, work on further strengthening and expanding WashTec's position as market-, innovation- and profitability-leader in the carwash-industry,' Mr. Busch stated.

WashTec AG, Argonstr. 7, 86153 Augsburg
ISIN: DE0007507501
Listed: Official market in Frankfurt (Prime Standard); OTC market in
Berlin-Bremen, Düsseldorf, Munich and Stuttgart

Contact:
WashTec AG
Argonstrasse 7
86153 Augsburg

Tel.: +49 (0)821 - 55 84 - 0
Fax: +49 (0)821 - 55 84 - 1135



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