DGAP-News

First Sensor AG: Changes to the Management Board of First Sensor AG

DGAP-News: First Sensor AG / Key word(s): Change of Personnel
First Sensor AG: Changes to the Management Board of First Sensor AG

25.05.2016 / 16:53
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Corporate News
May 25, 2016

Changes to the Management Board of First Sensor AG

- CEO Dr. Martin U. Schefter to leave First Sensor AG

- CFO Dr. Mathias Gollwitzer will provisionally discharge his duties

The Chairman of the Management Board of First Sensor, Dr. Martin U.
Schefter, will not renew his contract that is set to expire on 16 June
2016, but will leave the company. This is the outcome consensually agreed
between the Supervisory Board and Dr. Schefter today. The decision is
attributed to conflicting opinions regarding the strategic long-term
orientation of the company. The duties of his board mandate will be
provisionally discharged by Dr. Mathias Gollwitzer, CFO, until a successor
has been appointed.

"The Supervisory Board would like to thank Dr. Martin U. Schefter for his
successful work over the past three years. Under his watch, First Sensor AG
embarked on a healthy growth trajectory by pursuing a consistent strategy.
Today, the company concentrates on the growth markets Industrial, Medical
and Mobility via its three business units. The global business was
systematically expanded, central processes were optimized, and the
productivity was noticeably enhanced. By consistently positioning itself,
the company signaled to the market that the various production and sales
locations inside and outside Germany have merged to become a homogeneous
entity over the past years," said Prof. Dr. Alfred Gossner, Chairman of the
Supervisory Board of First Sensor AG.

Having increased its revenues by 11.1 percent to 137.7 million euros during
the 2015 financial year, the company remains on its growth trajectory with
a first-quarter revenue growth of 12.7 percent. "These figures show that
that our focus on technology-driven target markets already lets us
participate in their exceptionally rapid growth. They also demonstrate that
we are successfully developing sensors, smart sensors and sensor systems
that by far exceed standard components already available on the market",
says Dr. Mathias Gollwitzer, CFO of First Sensor AG. "We will continue to
pursue the approach successfully initiated by Dr. Schefter as is."

For the current fiscal year 2016, the Management Board is confirming its