DGAP-News

Changes in the Board of Management and the Supervisory Board of HOMAG Group AG

DGAP-News: Homag Group AG / Key word(s): Change of Personnel
Changes in the Board of Management and the Supervisory Board of HOMAG
Group AG

15.06.2015 / 14:58

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Changes in the Board of Management and the Supervisory Board of HOMAG Group
AG

- Pekka Paasivaara becomes new Chief Executive Officer
- Ralph Heuwing is set to take over the position as Chairman of the
Supervisory Board in September 2015, from Ralf W. Dieter, who will
remain a Supervisory Board member

Schopfloch June 15, 2015 In today's meeting, the Supervisory Board of HOMAG
Group AG appointed Pekka Paasivaara (53) as Chief Executive Officer of
HOMAG Group AG with immediate effect. Together with Ralph Heuwing, who will
be Co-CEO during a transition period until September 15, 2015, and the
Management Board team, Mr. Paasivaara will drive the strategic
reorientation of the HOMAG Group. Ralph Heuwing, who also serves as Chief
Financial Officer at Dürr AG, is to join the HOMAG Group's Supervisory
Board on September 15, 2015, and take over its chair from Ralf W. Dieter,
Chairman of the Board of Management at Dürr AG. Ralf W. Dieter will remain
a member of the HOMAG Group's Supervisory Board. In addition, the contract
of Management Board member and Head of Sales Jürgen Köppel will be extended
by a further three years.

Eight months after Dürr acquired a majority stake in HOMAG Group AG, the
integration of the HOMAG Group has now been completed with the appointment
of the new Chief Executive Officer. Pekka Paasivaara has a wealth of
experience in automation technology and plant engineering. Important stages
of his career include ABB Flexible Automation, Rexroth Indramat, Bosch
Rexroth, Lenze and, most recently, Germanischer Lloyd and its successor
company DNV GL Group. Pekka Paasivaara studied economics in Finland and the
United States and has a degree in business informatics. He also holds an
MBA from IMD in Lausanne. He is married and has one child.

Ralph Heuwing: "The integration of the HOMAG Group into the Dürr Group has
now been completed. The company is making good headway. The forthcoming
changes require the greatest attention from the CEO and the Management
Board. Pekka Paasivaara is the right person to implement a sustainable
strategic reorientation, following the guiding principle of ONE HOMAG. I